07 July, 2006

Belgium: InBev upgraded to “buy” from “add” by Dresden Kleinwort

Analysts at Dresdner Kleinwort Wasserstein upgrade InBev from "add" to "buy." The target price has been raised from €40 to €42, Dow Jones Newswires communicated July 07.

In a research note published this morning, the analysts mention that the company is well positioned to achieve significant profit growth in China. The analysts expect China to become the second-largest contributor to Inbev’s profits by 2010. The upgrade in rating also reflects the anticipated newsflow related to the company’s Q2 trading in Europe and Brazil, Dresdner Kleinwort Wasserstein adds.

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