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.
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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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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.
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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.
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.