AB InBev: shares up after broker's comments.
(CercleFinance.com) - Shares of AB InBev are up over 1% on Monday following a broker's positive comments on the stock.
In a research note sent to clients, Morgan Stanley maintains its "overweight" rating on the brewer with a target price of 125 euros, saying that an "inflection point" has begun in Q3.
The broker says that it expects organic sales growth to accelerate to +5.8% in Q3, after +4.4% in the first six months of the year.
"A top line acceleration, further cost savings, and a positive outlook should convince investors to believe in the story again," Morgans Stanley said.
AB InBev shares are currently up 1% at 104.6 euros in afternoon trading on Brussels' BEL 20 index.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In a research note sent to clients, Morgan Stanley maintains its "overweight" rating on the brewer with a target price of 125 euros, saying that an "inflection point" has begun in Q3.
The broker says that it expects organic sales growth to accelerate to +5.8% in Q3, after +4.4% in the first six months of the year.
"A top line acceleration, further cost savings, and a positive outlook should convince investors to believe in the story again," Morgans Stanley said.
AB InBev shares are currently up 1% at 104.6 euros in afternoon trading on Brussels' BEL 20 index.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.