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HOLLAND: UBS lowers Heineken rating

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UBS has lowered its rating on Dutch brewer Heineken to 'reduce' from 'neutral.'

The investment bank said that the brewer has underperformed because it is overweight in developed markets, a trend that cannot be reversed by management change alone.

UBS maintained its price target, however, of €26 on Heineken's shares.


Sectors: Beer & cider

Companies: Heineken

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