Food Industry
Industry: Email Alert RSS FeedMorgan Stanley cuts beverage industry view - Brief Article
Modern Brewery Age, May 13, 2002
Morgan Stanley reported last week that analyst Bill Pecoriello downgraded his view on the beverage industry to "in-line" from "attractive."
Anheuser-Busch Cos. Inc. and Adolph Coors Co. are trading at or near 52-week highs.
In a research note, Pecoriello said that he sees "attractive tradeoffs within the group."
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But Pecoriello said that he would add shares of Anheuser-Busch "only on weakness" and that he maintains a "cautious stance" on Adolph Coors.
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