Ambev (NYSE:ABEV) is one of the cheap penny stocks to invest in. Earlier in December, Barclays analyst Benjamin Theurer kept his Hold rating on the stock along with a $2.5 price target. Previously, on November 26, Bernstein downgraded Ambev to Market Perform from Outperform with a$2.88 price target. The firm downgraded the stock due to valuation concerns following a 16% year-to-date gain. While the firm remains positive on Ambev’s long-term outlook, it warns that current market expectations are unrealist ...