Belgian brewer Interbrew has had both its rating upped by Rabo Securities to “outperform” from “neutral.” The brokerage also raised its target for Interbrew’s share price, by €2, to €27. “The merger with AmBev will boost Interbrew’s core profit margins,” Rabo believes. Earlier this month, Delta Lloyd Securities also upgraded Interbrew to “outperform” from “in-line.”

23 March, 2004