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InBev has had its target share price raised. Morgan Stanley today (12 July) upped its target for the brewer to €33 per share from €29. The investment bank has maintained its 'overweight' investor rating on InBev.

The move follows InBev's announcement yesterday that it is to merge its operations in Brazil with the local brewer AmBev, which it purchased last year.

In a research note, Morgan Stanley said: "We have adjusted our model to take in higher forecasts for AmBev from our LatAm team."


Sectors: Beer & cider

Companies: Anheuser-Busch InBev

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