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AB InBev: RBC Capital Markets cuts target price.

(CercleFinance.com) - RBC Capital Markets said on Wednesday that it has cut its target price on the Anheuser-Busch InBev share from 93 euros to 91 euros, citing a "great company" but a "mediocre investment.

In a research note sent to clients, RBC said the brewing giant Q3 results were "lacklustre," with volumes down 1.2%.

"Organic profit growth has been elusive for several years and in the absence of significant volume growth we think it will remain so," the broker added.

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