European Beverage Stocks Have Reason to Be Cheap -- Market Talk

Dow Jones11-28

0723 GMT - Most European beverage stocks are trading at lower valuations than their averages over the past five, ten and 15 years after another challenging year of share-price performances, but this seems justified, Deutsche Bank's Mitch Collett says. "The sector is cheap for a reason. Earnings growth has been weak for an extended period and structural concerns are building. Disappointing delivery in 2025 only added to these concerns," the analyst says in a research note. The sector's low valuations means stocks could go up next year, particularly those that can deliver growth and face less structural headwinds, he adds. Deutsche Bank lifts its recommendation on Heineken to buy from hold, and lowers its recommendation on Bud brewer Anheuser-Busch InBev to hold from buy. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

November 28, 2025 02:23 ET (07:23 GMT)

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The sector's low valuations means stocks could go up next year, particularly those that can deliver growth and face less structural headwinds, he adds. Deutsche Bank lifts its recommendation on Heineken to buy from hold, and lowers its recommendation on Bud brewer Anheuser-Busch InBev to hold from buy. 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Earnings growth has been weak for an extended period and structural concerns are building. Disappointing delivery in 2025 only added to these concerns,\" the analyst says in a research note. The sector's low valuations means stocks could go up next year, particularly those that can deliver growth and face less structural headwinds, he adds. Deutsche Bank lifts its recommendation on Heineken to buy from hold, and lowers its recommendation on Bud brewer Anheuser-Busch InBev to hold from buy. 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Deutsche Bank lifts its recommendation on Heineken to buy from hold, and lowers its recommendation on Bud brewer Anheuser-Busch InBev to hold from buy. 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