E-Malt.com News article: World: Analysts have updated their ratings on brewers such as SAB Miller, Carlsberg and Heineken

Rating company JPMorgan & Chase said that it raised its target price for brewing group SAB Miller from 1.235 pence to 1.300 pence, the rating was kept as “neutral”, BMG posted on September 4th. The rating for Carlsberg was kept at “overweight”, the price target at 425 Danish crowns. JPMorgan’s rating for Heineken was kept at “neutral” and target price stays at 31 euros.

JPMorgan cited organic sales volume of European brewers and higher margins as reason for the upgrades, adding that there may be a double-digit earnings growth in fiscal year 2010 which is not yet included in stock valuations.


09 September, 2009