AmBev Keeps the Thirst Quenched – Analyst Blog
Source: http://www.zacks.com/stock/news/18100/AmBev+Keeps+the+Thirst+Quenched+-+Analyst+BlogPosted on Wednesday, March 11th, 2009 | In Stocks to Watch
We are maintaining our Buy recommendation on Companhia de Bebidas das Americas, better known as AmBev (ABV). The company posted good results for the 4th quarter of 2008 with excellent results in Argentina as well as soft drinks and non-alcoholic, non-carbonated (NANC) beverages in Brazil.
InBev’s acquisition of Anheuser-Busch was positive for the company as it creates huge synergies. Despite the difficult economic environment throughout the world due to the global credit crunch, the company, which is focusing on low cost, daily use products, is not tied directly to the international economic cycle.
Also, a more relaxed monetary policy in Brazil is very positive for the company. Our Buy recommendation accompanies a 6-month target price of $48 per share.
Read the full analyst report on “ABV”
Zacks Investment Research
Last 5 posts by Zacks Market Commentaries
- Dress Barn Tops, Lifts Outlook - Analyst Blog - November 23rd, 2009
- Another Price Cut for Palm - Analyst Blog - November 23rd, 2009
- Ford Focuses on Brazil - Analyst Blog - November 23rd, 2009
- Ratings Action on Assurant - Analyst Blog - November 23rd, 2009
- Sands China Raises $2.5B in IPO - Analyst Blog - November 23rd, 2009
AmBev, Americas, anheuser busch, Argentina, Blog We, Brazil, inbev, Stocks to Watch, USD, Zacks Market Commentaries
 About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.