UK: Heineken price target upped

By | 21 August 2007

Deutsche Bank has shifted its price target for Heineken.

The bank today (21 August) raised its price target for the brewer from EUR42 to EUR50 ahead of the Dutch brewer's H1 results.

Dutesche said in a client note that the target price hike is symbolic of the brewer's positive trading update suggesting its good first-half results.

"Given what we see as continuing strong growth momentum we maintain our 'buy' recommendation," the bank concluded.

Sectors: Beer & cider

Companies: Heineken

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