Heineken: stock boosted by broker upgrade
(CercleFinance.com) - The Heineken share is one of the strongest risers on the AEX index on Wednesday morning, thanks to Barclays upgraded its rating on the stock.
Barclays, which has upgraded its rating to "equal weight" from "underweight", believes that most of the risks surrounding the stock have now materialised, which makes its profile "more balanced" in the near term.
The broker has therefore increased its target price for the share from 86 euros to 90 euros.
On Tuesday, BofA analysts already added the stock to their list of the best investment ideas in Europe, saying that Heineken's stock is attractive - both in the current environment, due to its good visibility for 2023 - and in the context of a return to growth due to its ability to outperform the consumer market as a whole.
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