05 April, 2006

Belgium: ING rates Duvel’s shares

The investment firm from Netherlands ING has awarded to the Belgium’s Duvel shares a target price of EUR 43.8 and said it has considerable growth potential in international markets, according to Reuters as of April 3.

ING has started recommendations of Belgian brewer Duvel Moortgat’s shares at “buy”. The Dutch firm told about the prospect of a possible US import and distribution deal for Duvel.

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