Budweiser’s new boss thinks beer has as bright a future as liquor. Shareholders aren’t swallowing it yet.

Michel Doukeris, who took over as chief executive of Anheuser Busch InBev in July, set out his strategy for the world’s biggest brewer at an investor day Monday. He plans to grow earnings before interest, taxes, depreciation and amortization by 4% to 8% a year “over the medium term.”

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