USA: ING upgrading SABMiller to hold
ING has upgraded SABMiller to hold from sell, and lifted target to 1,100p from 840p following the better than expected 1Q results from Anheuser-Busch, according to Dow Jones.
It stated SABMiller will benefit from the same strong US pricing and larger than expected US profit pool. It noted also that the company is valued 7% above beer peer group.
E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .