The broker Goldman Sachs has downgraded its rating on the Dutch brewer Heineken from "neutral" to "underperform".
In a research note, Goldman Sachs's analysts said that it sees increasing downside risks to earnings and to the current relative rating.
It added that it had trimmed its EPS forecasts for Heineken slightly because of increasing pressure on volumes in Europe and for currency effects, notably of the Nigerian naira.
Sectors: Beer & cider
Companies: Heineken
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