United Kingdom: SABMiller’s 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 SABMiller’s 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.
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