UK: SABMiller "equal weight," target price raised

Analyst Ian Shackleton of Lehman Brothers maintains his "equal weight" rating on SABMiller (SAB-GBX), while raising his estimates for the company, New Ratings reported Marc h31. The target price has been raised from 1,240p to 1,265p.

In a research note the analyst mentions that there is concern regarding the macro environment, especially for South Africa. The upward revision in the EPS estimates reflects the recent favourable currency effects, the analyst says. The EPS estimates for the current and next year have been raised from 132.2p to 132.6p and from 136.1p to 144.9p, respectively.

02 April, 2008