Heineken: shares not expensive, Jefferies says

(CercleFinance.com) - Jefferies maintains its "buy" rating on the Heineken share, with a target price of 110 euros, saying that the Dutch brewer offers superior top-line growth in the beer sector.


Pointing out that consensus has been reduced, the US broker believes that the shares should re-rate on guidance delivery.

Jefferies thinks that the shares are not expensive, given the group's level of growth.

The stock is currently down 0.4% at 97.7 euros on Euronext Amsterdam.

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