UK: Goldman Sachs raises InBev targets

By | 13 November 2006

Goldman Sachs has raised its price target for the global brewer InBev.

The investment bank said the move, from EUR50 to EUR53, had been made to reflect a decrease in tax and the interest coupon rates and increase in costs saving potential.

Goldman Sachs also raised its 2006 earnings view to EUR2.39 a share from EUR2.37 and its 2007 view to EUR2.82 a share from EUR2.69.

Its analysts have a "buy" rating on the stock.

Sectors: Beer & cider

Companies: InBev

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