E-Malt.com News article: Belgium: Deutsche bank raises InBev target price

Deutsche Bank raised the InBev target price to EUR 37 from EUR 34 after a visit to the company's Brazilian operations, Dow Jones informed on September 26.

A spokesman of Deutsche Bank commented "This upgrade reflects our increased confidence in AmBev's ability to drive further significant margin and profit improvement in 2006"

The earnings per share are to increase by 5% to EUR2.00. Additionally the company could also benefit from favourable currency trends.


27 September, 2005