ING Barings has downgraded its rating on the international brewing combine, Interbrew, from “buy” to “hold” following the publication of the group’s first-half profits which came in below expectations. The group posted a net profit of €165m, down 18% from last year.
BELGIUM: ING downgrades Interbrew to “hold”
ING Barings has downgraded its rating on the international brewing combine, Interbrew, from "buy" to "hold" following the publication of the group's first-half profits which came in below expectations. The group posted a net profit of €165m, down 18% from last year.