Heineken: BofA raises target price
(CercleFinance.com) - Bank of America confirms its 'buy' recommendation on Heineken shares, with a target price raised from E85 to E97, welcoming very strong 2024 results across all metrics, more consistent delivery, reassuring 2025 guidance and the share buyback announcement.
The broker highlights improved volume growth, underpinned by higher marketing spend, a stronger consumer focus and more cautious pricing, as well as improved margins thanks to cost savings.
Beer is an attractive category from our perspective, and Heineken remains undervalued, given the growth we expect, BofA adds, which raises its EPS estimates for the Dutch brewer by 1%-3%.
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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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
The broker highlights improved volume growth, underpinned by higher marketing spend, a stronger consumer focus and more cautious pricing, as well as improved margins thanks to cost savings.
Beer is an attractive category from our perspective, and Heineken remains undervalued, given the growth we expect, BofA adds, which raises its EPS estimates for the Dutch brewer by 1%-3%.
Copyright (c) 2025 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.