Rabobank Securities has upgraded its recommendation for the Belgian brewer from "underperform" to "neutral". The action followed Interbrew's trading statement. Rabobank Securities also raised its price target to €21 from €16. "We upgrade Interbrew ...as Germany and Russia are performing better than expected. In addition, Interbrew has less transaction risk exposure to the dollar weakness compared to Heineken," Rabobank reported.

26 June, 2003