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CASTLE MALTING NEWS in partnership with www.e-malt.com 
12 January, 2007
Belgium: InBev downgraded from “overweight” to "neutral"
Analysts at JP Morgan downgraded InBev from "overweight" to "neutral" according to a research note published January 11. The target price is set to €51.50.
The analysts mention that any upside to the company’s current share price appears limited. InBev is expected to achieve three-year organic sales CAGR of 7%, the analysts say. InBev would have to achieve increased efficiency and cost savings or step-up revenues growth in order to drive its share price beyond the target price.
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This article is courtesy of E-malt.com, the global information source for the brewing and malting industry professionals.
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