Belgium: InBev holds to its ‘buy’ rating

Analysts at Dresdner Kleinwort maintain their "buy" rating on InBev SA. The target price is set to €42, Dow Jones Newswires learned from Dresdner Kleinwort Wasser on September 05.

In a research note published September 04, the analysts mention that the company is expected to post its 1H sales and net profits at €6,122 million and €531 million, representing 17% and 33.8% growth, respectively. InBev’s robust growth is likely to have been driven by significant organic growth in Brazil, cost trimming in Europe and Canada and favourable foreign exchange valuations, the analysts say.

06 September, 2006