AB InBev: Jefferies raises its target price
(CercleFinance.com) - Jefferies has raised its target price for AB InBev shares from 54 euros to 63 euros, citing more favourable macroeconomic conditions and FX factors.
The US broker recognises that likely strong first-quarter numbers on 8 May and more constructive emerging markets are tailwinds for the equity story, but it also believes that market share pressures are likely to persist.
"Heightened competition could also put pressure on margins, which could lead to a slower returns profile than investors have been accustomed to," it wrore, retaining its "underperform" rating on the stock.
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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 US broker recognises that likely strong first-quarter numbers on 8 May and more constructive emerging markets are tailwinds for the equity story, but it also believes that market share pressures are likely to persist.
"Heightened competition could also put pressure on margins, which could lead to a slower returns profile than investors have been accustomed to," it wrore, retaining its "underperform" rating on the stock.
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.