MEXICO: Grupo Modelo has share coverage upped

By | 13 September 2007

Grupo Modelo has had its share coverage lifted.

UBS said yesterday (12 September) that it has raised its rating of the Mexican brewer to 'neutral' from 'sell'. The broker noted that Modelo had suffered this year due to competitive issues and the economic slowdown in the US.

In a report, UBS said: "We believe these concerns are priced in after the recent weakness in the shares, leaving investors with a more balanced risk-reward picture."

Earlier this summer, Banamex reduced its rating for Modelo to 'hold' from 'buy'. The broker cited uncertainty about a possible merger between InBev and Anheuser-Busch, which holds a 50% stake in Modelo.

Sectors: Beer & cider

Companies: Modelo, InBev, Anheuser-Busch

View next/previous articles

Currently reading -

MEXICO: Grupo Modelo has share coverage upped

There are currently no comments on this article

Be the first to comment on this article

Related articles

BELGIUM: InBev discloses management salaries

InBev has released information about last year's salary for its boss as part of the brewer's corporate governance.

US: Crown Imports launches Pacifico campaign

Crown Imports will launch a cross-platform campaign for its Pacifico beer brand this spring in an effort to extend its consumer reach.

UK: InBev launches Beck’s Vier TV advertising

InBev has lined up national television advertising for its Beck's Vier beer brand across the UK.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page