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AB Inbev: Société Générale downgrades to sell.

(CercleFinance.com) - Société Générale (SG) has adopted a negative rating on the brewer AB InBev's share, with analysts downgrading it from hold to sell.
SG has also cut its 12-month target price from 107 euros to 97 euros (-9.3%).

According to a research report, it is time to reconsider AB InBev as an investment case. Now that the integration of SABMiller is on track, in addition to resulting synergies, growth has once again become a key element.

However, SG's report says, "Our analysis shows that ABI's organic sales and margin growth, though respectable, is merely average for the Beverages sector." Therefore, the share does not deserve to be trading at a premium.

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