UK: Morgan Stanley raises InBev target

By | 10 November 2006

Investment bank Morgan Stanley has raised its price target for InBev. The bank said that the Belgian beer maker's third quarter results had been ahead of its expectations.

Morgan Stanley raised the target for 2006 by 3% and 2007 by 4%. The current price target is now EUR51 compared to a prior EUR49.

The bank has reiterated its 'overweight' rating, based on future cost savings and a good outlook for growth in Latin America.

Sectors: Beer & cider

Companies: InBev

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