Heineken: UBS reiterates its recommendation on the stock

(CercleFinance.com) - UBS believes that the downward earnings revision cycle is coming to an end, as the situation is improving.
The analyst reiterates his buy recommendation on the share and leaves his target price unchanged at E85. This target represents a potential upside of 22% for the Dutch brewer's stock.

'Fourth and first-quarter volumes are expected to remain disappointing, but EBIT/EBIT expectations look correct', says UBS.

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 believes in the summary of its note.

Copyright (c) 2024 CercleFinance.com. All rights reserved.
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.