As Interbrew’s shareprice continues to fall, the equity analyst KBC Securities has upgraded its rating on Interbrew to “buy” from “accumulate”, as the diminished share price reaches attractive levels.
The upgrade also lay in KBC analyst Marc Leemans belief that uncertainties, which had been hanging over the company, would clear up in the near future. These include Interbrew’s legal dispute over the integration of its Beck’s operations in the US.
“There should be some positive news flow coming up,” he said.
Interbrew’s stock has suffered from fears the company could get caught up in a costly bidding wart for the Austrian brewer BBAG
