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RUSSIA: Sun Interbrew rating cut by Alfa

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Alfa Bank has cut its rating on Sun Interbrew's voting shares to "hold" from "buy" after the stock price rose by 50% in recent weeks.

Alfa Bank has a fundamental price target of $9.40 for the Russian brewer's voting or "B" shares, which it said today were now worth $12.66.

Alfa Bank's parent company Alfa Group bought 10.4% of Sun Interbrew's voting stock earlier this month and said it wanted a seat on the firm's board.


Sectors: Beer & cider

Companies: Anheuser-Busch InBev

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