Market research
ABN Amro has initiated coverage of Heineken shares. The Dutch broker has set a 'buy' recommendation and a €29 price target.
The Dutch broker advised investors to look beyond the full year results - which are expected to disappoint - as the brewer's business is in nice shape to post good organic growth thereafter.
ABN Amro forecast 10% organic operating profit growth and 12% compound annual growth rate in EPS.
Sectors: Beer & cider
Companies: Heineken
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