UBS is reaffirming its 'buy' recommendation on Heineken, as well as its target price of 105 euros, a target that offers 14% upside potential for the Dutch brewer's stock, as it awaits its first-half results.

The broker sees 'upside risk' on second-quarter organic sales growth, expecting +6.4% versus a consensus of +5.6%, and more significantly on first-half EBIT growth, forecasting +20% versus a consensus of +10.4%.

Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as decision-making aids 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.