UK: Morgan Stanley re-rates European brewers
By just-drinks.com editorial team | 21 January 2003
The investment bank Morgan Stanley has reworked its ratings on two of Europe's largest brewers. Its analysts said today that Dutch brewer Heineken had been re-rated to "overweight" from "equal-weight" while the UK brewer Scottish & Newcastle had been downgraded to "underweight" from "equal-weight".
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The investment bank Morgan Stanley has reworked its ratings on two of Europe's largest brewers. Its analysts said today that Dutch brewer Heineken had been re-rated to "overweight" from "equal-weight" while the UK brewer Scottish & Newcastle had been downgraded to "underweight" from "equal-weight".
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