Belgium: InBev rating on "hold"

Analyst Gerard Rijk of ING Financial Markets maintains his "hold" rating on InBev SA, according to Newratings, March 29. The 12-month target price is set to €51.33.

In a research note published this morning, the analyst mentions that AmBev is expected to acquire production assets of Cintra for a total amount of $150 million. This acquisition represents a rapid operational fix by AmBev, in-line with its strategy and could boost shareholder value and EPS, the analyst says.

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