AB Inbev: UBS downgrades share

(CercleFinance.com) - On Tuesday UBS downgraded its rating on the share of the brewer Anheuser-Busch InBev to from "buy" to "neutral".
Behind this downgrade, it mentions a risk/return profile that has become less favourable.

"Following an in-depth review of top-line and margin trends across ABI's key markets we now view the risk/reward as more balanced and hence lower to Neutral," the Swiss bank explained.

However, In its note, UBS says that it has raised its target price for the share from 81 euros to 94 euros.

Following these comments, the AB InBev share is down for a third consecutive day, declining 0.5% to 87.2 euros on Euronext Brussels.

Yesterday, the American broker Jefferies upgraded its rating on the title from "underperform" to "hold," having raised its corresponding target price from 63 euros to 85 euros, praising the the beer giant's efforts to revive its sales and limit its debt.


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