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Anheuser-Busch stock downgraded by HSBC analysts over Bud Light ‘crisis’

Posted on 5/10/23 at 12:44 pm
Posted by Jjdoc
Cali
Member since Mar 2016
55377 posts
Posted on 5/10/23 at 12:44 pm
quote:

The stock of Bud Light parent company Anheuser-Busch has been downgraded by analysts at HSBC who say the brand is in the midst of a “crisis” following the outcry over its ties to transgender social media influencer Dylan Mulvaney.

Carlos Laboy, a managing director at HSBC’s global beverage sector, downgraded the stock of Anheuser-Busch InBev to a hold status — meaning that investors should neither buy or sell shares of the company.

Laboy said that the backlash to the Mulvaney branding partnership is a sign that there are “deeper problems than ABI admits,” according to a note that was first reported by CNBC.



LINK
Posted by BigTigerJoe
Member since Aug 2022
11261 posts
Posted on 5/10/23 at 12:45 pm to
Good.

This post was edited on 5/10/23 at 12:50 pm
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
53705 posts
Posted on 5/10/23 at 12:48 pm to
Absolutely hilarious
Posted by Boks
Red Lodge, MT
Member since Jul 2013
1220 posts
Posted on 5/10/23 at 12:48 pm to
AB has not handled their crisis very well. And, they are paying for it.
Posted by Azkiger
Member since Nov 2016
26910 posts
Posted on 5/10/23 at 12:49 pm to
Board progs were blowing the boycott off at first.

Also paging momentoftruth or whatever the frick that retard's username is...
This post was edited on 5/10/23 at 12:51 pm
Posted by teke184
Zachary, LA
Member since Jan 2007
103115 posts
Posted on 5/10/23 at 12:49 pm to
“There’s no effect!” - lefty shills

Yeah, the bank analysts apparently disagree.
Posted by Jjdoc
Cali
Member since Mar 2016
55377 posts
Posted on 5/10/23 at 12:53 pm to
Maybe we are finding our voices
Posted by troyt37
Member since Mar 2008
14675 posts
Posted on 5/10/23 at 12:54 pm to
Fake news. Has to be. We've been told over and over and over by the PT leftists that this was a nothingburger, and AB would have their drinkers back in a couple of weeks.
Posted by Statestreet
Gueydan
Member since Sep 2008
13883 posts
Posted on 5/10/23 at 12:55 pm to
You don't insult your primary consumer demographic then not apologize. Horrible management by AB
Posted by JiminyCricket
Member since Jun 2017
5932 posts
Posted on 5/10/23 at 12:58 pm to
AB made a critical error. When you're a company that is dominant in a market and your product is head and shoulders above any other alternative, people will put up with a lot of your bullshite.


Problem for AB is that there are a ton of options outside of AB products that are actually superior in quality and taste. This is an example of what happens when there are viable alternatives available and you try to go woke.
Posted by Bulldogblitz
In my house
Member since Dec 2018
28158 posts
Posted on 5/10/23 at 12:58 pm to
Posted by LSU Patrick
Member since Jan 2009
76920 posts
Posted on 5/10/23 at 1:02 pm to
Burn it down
Posted by Smeg
Member since Aug 2018
14326 posts
Posted on 5/10/23 at 1:05 pm to
Think these guys will buy enough Bud Light to make up the difference.

LINK
Posted by BuzzSaw 12
The Dark Side Of The Moon
Member since Dec 2010
6771 posts
Posted on 5/10/23 at 1:07 pm to
Posted by Seuqnoc
Lafayette
Member since Jul 2020
562 posts
Posted on 5/10/23 at 1:08 pm to
Muscona is throwing a tantrum as we speak because of this
Posted by Hobnailboot
Minneapolis
Member since Sep 2012
6094 posts
Posted on 5/10/23 at 1:21 pm to
Little late there HSBC
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
64034 posts
Posted on 5/10/23 at 1:22 pm to
They need to be liquidated entirely. End the whole company.
Posted by KAGTASTIC
Member since Feb 2022
7989 posts
Posted on 5/10/23 at 1:25 pm to
I thought laying down at the ESG alter was supposed to prevent this??

Sounds like that move can bite ya in the butt nonetheless
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135504 posts
Posted on 5/10/23 at 1:26 pm to
quote:

there are “deeper problems than ABI admits,”
Good!
Posted by Bama Bird
Pittsburgh, PA
Member since Mar 2013
22641 posts
Posted on 5/10/23 at 1:26 pm to
quote:

Maybe we are finding our voices



I think the circumstances just lined up perfectly for the backlash. BL gave everyone a face and a name for an issue that everyone was already angry about, but had nowhere to direct that anger.
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