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Investing.com - Deutsche Bank (ETR:DBKGn) lowered its price target on Heineken NV (OTC:HEINY) (AS:HEIA) stock to EUR76.00 from EUR77.00 on Tuesday, while maintaining a Hold rating following the company’s first-half 2025 results.
The Dutch brewing company reported first-half 2025 results that were broadly ahead of or in line with consensus expectations. Organic sales growth, organic EBIT (beia) growth, and reported EBIT (beia) all exceeded market forecasts, while net income was broadly in line with expectations.
Heineken (AS:HEIN) maintained its full-year 2025 organic EBIT (beia) growth guidance unchanged, providing stability in its outlook despite mixed performance indicators.
Deutsche Bank slightly reduced its organic volume estimates for Heineken, but noted this reduction is broadly offset by price/mix improvements and margin expansion. As a result, the bank’s organic EBIT (beia) growth assumption is slightly higher for full-year 2025.
However, updated foreign exchange considerations led Deutsche Bank to reduce its earnings per share estimates by 1-2% for fiscal years 2025, 2026, and 2027, resulting in the lower price target despite some operational improvements.
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