
Source: InBev
I think this Goldman Deal is a business catalyst and having a board member with skin in the game takes the risk of the board sabotaging a deal to preserve the status quo off the table. Where do we go from here? Well, I am working on that but up 29% today is not bad!
PDF of the upgrade and follow-up notes below;
Upgrade to Overweight it closed at $3.20 on that date and traded as low as $2.85
Reiteration at $3.55
Upgrade price target to $8 from $7 at roughly $6 a share