E-Malt.com News article: Belgium: InBev upgraded to “buy” from “add” by Dresden Kleinwort

Analysts at Dresdner Kleinwort Wasserstein upgrade InBev from "add" to "buy." The target price has been raised from €40 to €42, Dow Jones Newswires communicated July 07.

In a research note published this morning, the analysts mention that the company is well positioned to achieve significant profit growth in China. The analysts expect China to become the second-largest contributor to Inbev’s profits by 2010. The upgrade in rating also reflects the anticipated newsflow related to the company’s Q2 trading in Europe and Brazil, Dresdner Kleinwort Wasserstein adds.


07 July, 2006