Netherlands: Heineken rating downgraded from ‘neutral’ to ‘reduce’
UBS cut Heineken rating to ‘reduce’ from ‘neutral’, as company's savings targets are achievable but not conservative, Dow Jones Newswires released September 18.
Analyst noted that stock has been strong performer this year and that more value than the restructuring can deliver has already been priced-in. Shares closed at EUR36.61.
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