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Wall Street analyst cuts A-B's rating.

An Oppenheimer & Co. analyst in New York last week cut his rating of Anheuser-Busch Cos., Inc., to "market performer" from "buy."

Oppenheimer said it based its decision on "a declining growth momentum" for the brewer and a "matured domestic brewing industry."

"I see the company stagnant in market share at 44 percent," said analyst David Goldman. "It's lost its growth momentum."

Goldman retained earnings estimates of $3.55 a share for 1992 and $3.90 for 1993. His estimates are on target with the Wall Street consensus, according to other sources.

In 1991, Anheuser-Busch earned $3.26 per share.
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Title Annotation:Oppenheimer and Company Inc. analyst David Goldman; Anheuser-Busch Companies Inc.
Publication:Modern Brewery Age
Date:Sep 21, 1992
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