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.