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Analysts at JPMorgan Chase & Co. cut their target price on shares of Companhia De Bebidas (NYSE:ABV) from $8.10 to $7.70 in a research report issued to clients and investors on Monday. JPMorgan Chase & Co.’s target price indicates a potential downside of 79.30% from the stock’s previous close.

Separately, analysts at Barclays downgraded shares of Companhia De Bebidas from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 1st. They now have a $7.00 price target on the stock, down previously from $8.00.

Companhia de Bebidas das Americas – AmBev (NYSE:ABV) is a Brazil-based company.

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