Belgium: KBC Securities holds InBev ‘accumulate’ rating

KBC Securities maintains InBev rating at ‘accumulate’, with EUR40 target price on 2Q '06 results for InBev's Brazilian unit AmBev, which were in line with forecasts, Dow Jones Newswires released August 14. Analyst Wim Hoste sayd: "We will fine-tune our earnings model for InBev, but changes to our forecasts will be minimal." InBev shares were down 0.1% at EUR41.12.

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