Heineken: UBS still a buyer despite lowering TP
(CercleFinance.com) - UBS reiterates its 'buy' recommendation on Heineken shares, while lowering its target price for them from E95 to E85, which nevertheless leaves the Dutch brewer's stock with 22% upside potential.
Several greenshoots in key emerging markets and lowered expectations may help the share to recover, thanks to a more consistent execution across the income statement, the broker summarises.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Several greenshoots in key emerging markets and lowered expectations may help the share to recover, thanks to a more consistent execution across the income statement, the broker summarises.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.