Rabo Securities has upgraded the Dutch-based brewing group, Heineken, from “neutral” to “outperform”.

However, Rabo has reiterated its “neutral” rating for the Belgian brewer, Interbrew, and an “underperform” rating for Heineken’s Dutch competitor, Grolsch. Rabo said it expected Heineken to benefit the most from the anticipated improved trading conditions, notably in the US.

Just Drinks Excellence Awards - Nominations Closed

Nominations are now closed for the Just Drinks Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
De Kuyper Royal Distillers’ De Kuyper Batched 0.0% range has won both Innovation and Product Launches honours in the 2025 Just Drinks Excellence Awards. Learn how these premium, non-alcoholic RTD cocktails help operators serve consistent, bar-quality drinks while tapping fast-growing demand for sophisticated alcohol-free options.

Discover the Impact