UK: SAB downgraded by Deutsche Bank
The bank said in a note that it had downgraded South African Breweries (SAB) to "underperform" from "market perform" and cut its price target to 405 pence from 470 pence.
"We believe the shares will continue to lose ground to its international beverage peers," Deutsche Bank analysts said .
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South African Breweries has defended a controversial redundancy package covering a group of former workers who claimed the deal was signed without their approval....
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Morgan Stanley has resumed coverage of SABMiller....
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