Heineken Books a Strong 3Q

Dow Jones10-28

0712 GMT - Heineken booked a strong quarter, RBC Capital Markets' James Edwardes Jones writes. The Dutch brewer backed its full-year earnings guidance after beating expectations for third-quarter volumes and revenue, driven by strong growth in Asia-Pacific. "In other regions, results were the right side of consensus, but to nothing like the same extent," Edwardes Jones notes. RBC has a sector-perform rating and an 84-euro target on the stock. Shares closed Tuesday at 76.78 euros.

 

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