Belgium: InBev’s rating downgraded to ‘hold’ from ‘buy’

ING downgraded InBev’s rating to ‘hold’ from ‘buy’ after a strong rise in the share price following very good 2Q results, Dow Jones Newswires released September 08.

ING noted InBev’s raising EBITA and EBITDA estimates (although does not provide actual estimates) after the company managed good cost-cutting execution while keeping volumes steady. Price target raised to EUR42.7 from EUR41.6. Stock traded +0.4% at EU42.12

08 September, 2006