USA: Anheuser-Busch "equal weight," estimates reduced

Analyst Michael J Branca of Lehman Brothers maintains his "equal weight" rating on Anheuser-Busch, while reducing his estimates for the company, according to Newratings, July 9. The target price is set to $53.

In a research note, the analyst mentions that the company is facing issues in shifting the InBev portfolio to the company's distribution. The analyst expects Anheuser-Busch to achieve 1.5% STW growth, with a price hike of 2.7% in 2Q07. The EPS estimate for 2007 has been reduced from $2.84 to $2.81.

11 July, 2007