Belgium: InBev’s price target lifted to EUR47 by Credit Suisse following impressive organic revenue growth
Credit Suisse raised InBev price target to EUR47 from EUR43.5, Dow Jones Newswires communicated September 08.
Credit Suisse said that the stock deserved to be at a premium to its peers given the company's best-in-sector organic revenue growth and EBITDA margin expansion, as well as the prospect of high teens earnings growth for the next three years. Credit Suisse reiterated its outperform rating. Shares traded +0.5% at EUR42.17.
E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .