United Kingdom: SABMillers shares were upgraded to "buy" from "hold" by Deutsche Bank
SABMiller was upgraded to 'buy' from 'hold' on May 27 as the German broker, Deutsche Bank, raised its target for the SABMillers shares to 950p from 830p.
The Deutsche Bank said SABMiller should deliver good organic growth, which although slower than previous levels is likely to be stronger than that seen by its rivals. The German broker added that SABMiller also has the potential for an acquisition or possible return to shareholders given its strong balance sheet.
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 .