UK: Diageo, Heineken, Pernod get ratings boost - report

By | 20 April 2006

The share ratings of Diageo, Heineken and Pernod Ricard were all upgraded today (20 April) by German broker Dresdner Kleinwort Wasserstein (DKW).

Diageo and Heineken were boosted to 'buy' from 'add' as a result of accelerated sales growth, and despite a slip in share prices in recent weeks, DKW said. Pernod Ricard's rating was upgraded to 'add' from 'hold'.

DKW, however, cut InBev's rating to 'hold' from 'add' based on valuation, with shares trading within 4% of the its EUR40 (US$49.2) target.

Sectors: Beer & cider, Spirits, Wine

Companies: Diageo, Heineken, Pernod, InBev

View next/previous articles

Currently reading -

UK: Diageo, Heineken, Pernod get ratings boost - report

There are currently no comments on this article

Be the first to comment on this article

Related articles

UPDATE: US: Pernod insists remaining sites safe

Pernod Ricard has insisted its four remaining production sites in North America are safe after announcing it plans to close a US distillery. Pernod's US arm will close its site at Lawrenceburg, Indiana, by the middle of 2008 after the company found it had "significant excess capacity" in North America following last year's takeover of Allied Domecq.

RUSSIA: Heineken set to wield axe on brand stable

Heineken has said it will know by the end of June which of its Russian brands it will keep after reviewing its portfolio in the wake of a slew of acquisitions in the country last year.

RUSSIA: Heineken silent on Kirin rumours

Heineken has refused to comment on reports in Russia that it is in talks with the local distributor of Kirin Brewery to produce the Japanese brewer's flagship brand.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page