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HOLLAND: Heineken, InBev get coverage lift

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Two brewers have had their coverage raised by Dutch brokers Gilissen.

The broker today (7 February) upped its rating for InBev to 'buy' from 'hold', while raising its price target to EUR58 (US$75) from EUR49.

"We are more positive about the various cost initiatives and … the solid growth of the beer market in Hispanic and Latin American countries, where InBev is gaining market share," an analyst at Gilissen said.

Heineken, meanwhile, saw its coverage shifted to 'hold' from 'sell', with its price target moving to EUR42 from EUR35.

"Clearly the US is the market where Heineken is winning," Gilissen noted. "Positive sales and earnings surprises in the US are likely, driven by maiden sales of Heineken Premium Light."


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