Goldman Sachs Maintains Sell Rating on Ambev S.A. (ABEV) with $1.95 Price Target

Goldman Sachs maintains a Sell rating on Ambev S.A. (ABEV) with a $1.95 price target. The rating update follows Ambev's fiscal Q3 results, which showed a 1.2% increase in net revenue and a 2.9% rise in normalized EBITDA. However, cash flow from operating activities dropped by 14.7%. Ambev produces, distributes, and sells beverages across Brazil, Central America, and Canada.