1101 GMT - Heineken shares are under pressure from a harsh reaction to its first-half results, but the company is moving in the right direction, RBC Capital Markets' James Edwardes Jones and Wassachon Fon Udomsilpa say in a research note. "The adverse reaction to Heineken's half year results seems harsh," the analysts say. "While it's true that our EPS forecasts have declined slightly--a function of higher minority charges--, as has our price target, we feel that the company is moving in the right direction as a result of which the shares are undervalued." The Dutch brewer's first-half earnings beat expectations, driven by its operations in Africa and Asia, and the company reiterated its full-year profit guidance, according to RBC. RBC lowers its target price to 90 euros from 92 euros. Shares fall 4.1%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
July 28, 2025 07:02 ET (11:02 GMT)
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