JPMorgan downgrades AB InBev to underweight, says inflation will hit earnings

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Jesse Pound@/in/jesse-pound@jesserpound
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Carlos Brito, Chief Executive of Anheuser-Busch InBev, poses with a Stella Artois beer after a news conference in Leuven, Belgium.
Francois Lenoir | Reuters

The earnings outlook for Anheuser-Busch InBev is getting worse, and investors should stay away from the stock, according to JPMorgan.