BELGIUM: InBev share rating lowered

By | 20 January 2006

InBev has had is share coverage lowered. KBC Securities said today (20 January) that it was downgrading the brewer to 'neutral' from 'outperform.'

KBC also set a new target price for InBev's shares at EUR40, saying that it felt the share price had limited upside potential.

In a research note, KBC analyst Wim Hoste said: "The anticipated margin improvement over the next few years as well as the support that will come from the appreciation of the Brazilian Real is now reflected in the share price."

Sectors: Beer & cider

Companies: InBev

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