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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