AB InBev: Oddo BHF still a buyer after investor meetings
(CercleFinance.com) - Oddo BHF has reinstated its "buy" recommendation on the AB Inbev stock, along with its target price of 114 euros, representing a upside potential of 34%, following investor meetings held by the beer giant in South Africa between 7 and 9 August.
The main topics discussed provided insights into the group's growth outlook and opportunities, said the analyst who monitors the stock, noting that, in his introduction, CEO Carlos Brito focused on the potential for upgrading beer relative to wines and spirits.
The broker also reports the significant potential of Africa compared to AB InBev's other markets, with this area concentrating half of the growth of the world's population and 20% of growth in the group's volumes.
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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.
The main topics discussed provided insights into the group's growth outlook and opportunities, said the analyst who monitors the stock, noting that, in his introduction, CEO Carlos Brito focused on the potential for upgrading beer relative to wines and spirits.
The broker also reports the significant potential of Africa compared to AB InBev's other markets, with this area concentrating half of the growth of the world's population and 20% of growth in the group's volumes.
Copyright (c) 2018 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.