The investment bank Dresdner Kleinwort Wasserstein has raised its rating on the Dutch brewer Heineken to “hold” from “sell”. It has put a target of €37 for the shares.
In a research note, its analyst said: “Heineken now trades at a sustainable 9% premium to SABMiller and 11% to Scottish & Newcastle.”
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The investment bank Dresdner Kleinwort Wasserstein has raised its rating on the Dutch brewer Heineken to “hold” from “sell”. It has put a target of €37 for the shares.
In a research note, its analyst said: “Heineken now trades at a sustainable 9% premium to SABMiller and 11% to Scottish & Newcastle.”
