BEER BRIEFS:

STIFEL cuts ABI to "hold", citing tough times for revenues. "We also go to a Hold recommendation and remove BUD as our designation to the Stifel Select List. We believe our prior assumption of multiple expansion is unreasonable and that it is more reasonable to expect multiple contraction as the profit effect of poor North America volumes becomes more clear and visibility on an inflection is low, implying slower overall EBITDA growth."Until tomorrow, Harry