ABInBev: Morgan Stanley raises its target price
(CercleFinance.com) - ABInBev shares are flat on Wednesday, trading at around 90.
8 euros, despite Morgan Stanley raising its target price from 85 euros to 100 euros, while maintaining its "overweight" rating on the stock.
"ABInBev shares offer scope for more upside from here," the broker wrote in a research note, saying that the Belgian brewer is "regaining the initiative."
"We think continued strong momentum and deleveraging can drive rerating," it added, noting that ABInBev's risk-reward stands as the most attractive level amongst brewers.
Copyright (c) 2019 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.
8 euros, despite Morgan Stanley raising its target price from 85 euros to 100 euros, while maintaining its "overweight" rating on the stock.
"ABInBev shares offer scope for more upside from here," the broker wrote in a research note, saying that the Belgian brewer is "regaining the initiative."
"We think continued strong momentum and deleveraging can drive rerating," it added, noting that ABInBev's risk-reward stands as the most attractive level amongst brewers.
Copyright (c) 2019 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.