Belgium: InBev downgraded from overweight to "neutral"
Analysts at JP Morgan downgraded InBev from "overweight" to "neutral" according to a research note published January 11. The target price is set to 51.50.
The analysts mention that any upside to the companys current share price appears limited. InBev is expected to achieve three-year organic sales CAGR of 7%, the analysts say. InBev would have to achieve increased efficiency and cost savings or step-up revenues growth in order to drive its share price beyond the target price.
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