The fact that lockdown measures are being relaxed in various countries is good news for brewers and beverage producers. It is the reason for Berenberg analysts to increase the price target of Heineken, but also that of Pernod Ricard and AB InBev.
The researchers are counting on the easing of the lockdown in the second quarter of this year. Further easing is expected to take place in the current quarter. Berenberg does point out that Heineken’s results largely depend on performance in emerging economies. These countries are generally hit harder by the crisis.
Berenberg uses a buying advice on Heineken with a price target of 106 euros, where that was previously 90.80 euros. The Heineken share stood at 81.56 euros on Thursday around 09.20.
Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email maurice.eisma@economicinform.com
