Germany: Dutch Heineken upgraded to hold from reduce by DrKW
Heineken’s shares were upgraded to hold from reduce by German broker, Dresdner Kleinwort Wasserstein, on July 01. Dresdner Kleinwort Wasserstein said Heineken was upgraded as trading in Western Europe is generally better than previously assumed, according to Dow Jones Newswires.
Shipments to US are also relatively strong, while risk of overpaying for possible Bavaria acquisition has become less as challenges in Peru and Colombia are well understood, adds DrKW. Also ups '05 EPS estimate to EUR1.60 from EUR1.55. Shares +1% at EUR25.80.
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