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UK: Heineken share coverage started

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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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