The investment bank Credit Suisse First Boston has downgraded its rating on SABMiller, the brewer created with the merger of South African Breweries and Miller Brewing last year, to “underperform” from “neutral” today.
The move was a response to weakness in the US beer market, which would affect the US side of the business.
The bank said it had also cut the target price SABMiller to 400 pence per share from 450p. SAB shares closed on Friday at 370-1/2p.
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Just Drinks Excellence Awards - Nominations Closed
Nominations are now closed for the Just Drinks Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
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De Kuyper Royal Distillers’ De Kuyper Batched 0.0% range has won both Innovation and Product Launches honours in the 2025 Just Drinks Excellence Awards. Learn how these premium, non-alcoholic RTD cocktails help operators serve consistent, bar-quality drinks while tapping fast-growing demand for sophisticated alcohol-free options.
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