| E-Malt.com News article: 2894
SABMiller’s rating has been downgraded. Brokerage Investec yesterday moved its rating for the company to ‘hold’ from ‘strong buy’, following a recent strong run for the shares.
“Our hold recommendation reflects our view that the share will struggle to outperform the market on a 12-month view,” analysts wrote in a research note.
Investec kept a price target of 750 pence on the brewer’s stock.
07 July, 2004
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