Heineken: UBS remains Buy despite lowered target

(CercleFinance.com) - UBS reiterates its 'buy' recommendation on Heineken, while lowering its target price from €95 to €85, a new target which nevertheless leaves a 22% upside potential for the Dutch brewer's stock.


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", says the broker in the summary of its note.

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