ICICI Direct is bullish on United Breweries has recommended buy rating on the stock with a target price of Rs 875 in its research report dated February 13, 2017.
ICICI Direct's research report on United Breweries
We continue to believe that favourable demographics, rising disposable income and very low per capita beer consumption present India as an attractive market for global beer companies. However, we taper our near term estimates accounting the sluggish near term performance and maintain BUY.
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