1213 GMT - AB InBev must expect a year of transition, ING analysts write, cutting their rating on the Belgian brewer's stock to hold from buy. The maker of Bud Light and Stella Artois is likely to report lower volumes on year for the fourth quarter, hitting operating earnings, ING says ahead of the company's earnings update this week. And looking ahead, a shift toward off-premise in the key China market, and a likely subdued performance in Brazil, herald continued pallid growth in the group's top line, the analysts say. This summer's soccer world championship is, on the other hand, a bright spot for the brewer, they say. ING lifts its target price on the stock to 66.20 euros from 56.18 euros to even out its discount against peers. Shares lose 1.2% to 62.92 euros. (joshua.kirby@wsj.com; @joshualeokirby)

(END) Dow Jones Newswires

February 10, 2026 07:13 ET (12:13 GMT)

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