HOLLAND: ING upgrades Heineken
Investment broker ING has upgraded its rating on the international brewer Heineken to "buy" from "hold".
The broker's analysts said they expected a recovery in earnings growth in 2005, with the potential for price increases and better weather.
ING also noted continued cost savings and the potential for new products to compete with spirits.
Heineken's shares were rated as undervalued versus peers as well and ING raised the price target to €27.40 from €24.2.
Dutch brewer Heineken is rumored to have released a self-chilling beer can....
ING has raised its target for Heineken's share price after analysing the brewer's options to save costs....
Heineken's CEO-in-waiting has no plan to radically alter the brewer's strategy, he said in an interview today....
Heineken has restructured its top management, in a move that includes the retirement of current CEO and chairman Thony Ruys from October this year....
Heineken said yesterday that its Austrian subsidiary Brau Union AG has signed an agreement for the divestment of its Real Estate Division. This division comprises all non-business related real estate ...
Heineken has acquired a 40% stake in a Chinese brewery....
Heineken Espana is looking to invest heavily in a new plant in southern Spain....
Grupo Empresarial Bavaria is not looking to sell up, its president has confirmed....
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