Foster's Group Ltd has had its rating cut. Credit Suisse First Boston has reduced its recommendation on the brewer and winemaker to 'underperform' from 'neutral' reflecting recent movements in the group's share price.

In a note to clients, the bank said that, since 2 April, Foster's share price has jumped by 7.5% while the broader market has fallen by about 0.3%. CSFB has a target price of A$4.05 on Foster's stock, which last traded at A$4.72.