Heineken: shares rise after broker upgrade
(CercleFinance.com) - Heineken shares are one the biggest climbers on Amsterdam's AEX index on Thursday after Jefferies analysts upgraded their rating on the stock from "hold" to "buy".
Citing "re-rating potential" and "attractive growth," the research department also upped its target price for the share from 88 euros to 100 euros.
Heineken shares were up 0.4% at 88.4 euros in early afternoon trading after this upgrade.
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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.
Citing "re-rating potential" and "attractive growth," the research department also upped its target price for the share from 88 euros to 100 euros.
Heineken shares were up 0.4% at 88.4 euros in early afternoon trading after this upgrade.
Copyright (c) 2018 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.