0643 GMT - Heineken might struggle to net the sales growth it hopes for, RBC Capital Markets analysts James Edwardes Jones and Wassachon Fon Udomsilpa write in a note, cutting their rating on the Dutch brewer's stock to sector perform from outperform. While beer remains an attractive segment, a challenging consumer backdrop and a plan to moderate pricing could hamstring Heineken's its midterm revenue ambitions, Edwardes Jones and Udomsilpa say."We also do not expect upcoming sporting events--e.g. the [soccer] World Cup--to turn its momentum around," they say. RBC cuts its target price on the stock to EUR76 from EUR88; shares last closed at EUR68.04. (joshua.kirby@wsj.com; @joshualeokirby)
(END) Dow Jones Newswires
January 06, 2026 01:43 ET (06:43 GMT)
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