Laboy Lobs Lots of Questions at ABI

Dear Client: HSBC analyst Carlos Laboy penned a sharp report on ABI yesterday morning, downgrading the company to “hold,” stating the company has “deeper problems than [it] admits.” The longtime analyst of the company believes leadership is not “getting the brand culture transformation right” in the U.S., as evidenced by the current crisis surrounding Bud Light.  He highlighted how Bud Light’s volume continues to deteriorate over April and “US distributor relations appear to be at an all-time low” in light