NEW YORK (TheStreet) -- Shares of Anheuser-Busch InBev (BUD) are rising, up 1.43% to $121 in mid-morning trading Tuesday, after analysts at Susquehanna upgraded the beer brewer to a "positive" rating from its prior "neutral" rating earlier this morning.
The firm said its upgrade reflects what it sees as an "imminent" beer sector consolidation.
Susquehanna analysts also increased their price target for the brewing giant to $163 from $133.
The firm sees continued growth for the U.S. beer market, along with a better outlook for Brazil on a macro level, and better foreign exchange stability.
Over the past couple of years, Anheuser-Busch acquired Grupo Modelo (GPMCF) along with some craft beer pickups.
In the past 52 weeks, shares have risen about 10%.
Belgium-based Anheuser Busch Inbev SA, formerly Anheuser-Busch InBev SA/NV, is a brewing company that produces, markets, distributes and sells a balanced portfolio of about 200 beer brands.
The company produces, markets, distributes and sells a portfolio beer and other malt beverage brands.
Its brand portfolio consists of three categories including global brands Budweiser and Stella Artois as well as multi-country brands such as Beck's, Leffe and Hoegaarden.