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UK: SABMiller target raised

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SABMiller has had its target price raised. Deutsche Bank today (30 September) upped its share price target for the UK-based brewer to 1,250 pence from 1,050p, adding that it saw no sign of an emerging market slowdown.

In a research note, the bank said: "Although the threat of AmBev entering Colombia cannot be ignored, we believe it is balanced by the underlying growth prospects for the market and the scope for SABMiller to improve its operational performance."


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