E-Malt.com News article: 746

The investment bank Credit Suisse First Boston downgraded on March 10 its rating on SABMiller from "neutral" to "underperform". SABMiller is a brewer created with the merger of South African Breweries and Miller Brewing last year. The action was a result of weakness in the US beer market, which would affect the US side of the business. “We have also cut the target price SABMiller to 400 pence per share from 450p,” the bank said.

11 March, 2003