Morgan Stanley has resumed coverage of SABMiller. The investment bank today (17 October) restarted its rating of the brewer at 'overweight' with a target price of 1,150 pence a share.

In a note to clients, Morgan Stanley said: "We continue to emphasise the sustainability of the SABMiller growth story. With virtual monopoly positions in about half of its 50 markets, SAB can demonstrate long-term organic growth ahead of the industry."