According to CNBC, Deutsche Bank upgraded Anheuser-Busch InBev to buy from hold, saying the Budweiser parent’s exposure to emerging markets helps offset headwinds in developed economies. The bank said 64% of the company’s sales and 61% of its earnings before interest and taxes come from developing markets, and analyst Mitch Collett said the company’s dominant market shares support resilient growth and profitability. Collett also said strong Beyond Beer performance in the U.S. provides an additional growth avenue and helps offset weakness in core beer. Deutsche Bank said the stock could be protected from structural challenges such as a recent decline in alcohol intake in the U.S. and other countries. A 2025 Gallup poll found 54% of U.S. respondents reported consuming alcohol, the lowest rate in 90 years. LSEG data showed 11 of 12 analysts covering Anheuser-Busch InBev rate it buy or strong buy, while one has a hold rating, and U.S.-listed shares are up 24% year to date.