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HOLLAND: Fortis increase Heineken estimates

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The investment bank Fortis Bank has increased its earnings per share estimates for the Dutch brewer Heineken NV.

In a research note its analyst Nicole van Putten said: "We have increased our 2003/04 EPS estimates to €2.05 (was 2.00) and €2.12 (was 2.08) due to better than expected EBIT performance in West Europe."

Fortis has a "hold" rating for the brewer.


Sectors: Beer & cider

Companies: Heineken

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