Investment bank Goldman Sachs has restarted coverage of InBev. It has given the world's largest brewer by volume an "outperform" rating.

In a research note the bank's analyst Mike Gibbs said: "We believe that InBev will deliver, albeit from a lower starting base, better earnings and cash flow growth than its peers and rising cash returns."

Goldman Sachs expected earnings for InBev are €1.68 per share for the year. InBev's fair value was set at 36 euros a share.