06 September, 2006

Belgium: InBev holds to its ‘buy’ rating

Analysts at Dresdner Kleinwort maintain their "buy" rating on InBev SA. The target price is set to €42, Dow Jones Newswires learned from Dresdner Kleinwort Wasser on September 05.

In a research note published September 04, the analysts mention that the company is expected to post its 1H sales and net profits at €6,122 million and €531 million, representing 17% and 33.8% growth, respectively. InBev’s robust growth is likely to have been driven by significant organic growth in Brazil, cost trimming in Europe and Canada and favourable foreign exchange valuations, the analysts say.

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