08 September, 2006

Belgium: InBev’s price target lifted to EUR47 by Credit Suisse following impressive organic revenue growth

Credit Suisse raised InBev price target to EUR47 from EUR43.5, Dow Jones Newswires communicated September 08.

Credit Suisse said that the stock deserved to be at a premium to its peers given the company's best-in-sector organic revenue growth and EBITDA margin expansion, as well as the prospect of high teens earnings growth for the next three years. Credit Suisse reiterated its outperform rating. Shares traded +0.5% at EUR42.17.

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