These are top 10 stocks traded on the Robinhood UK platform in July
On Thursday, Jefferies analyst Edward Mundy adjusted the price target for Heineken NV (HEIA:NA) (OTC:HEINY) to €105.00, down from the previous €110.00, while reaffirming a "Buy" rating on the stock. The revision follows Heineken (AS:HEIN)’s first-quarter results, which came in slightly ahead of market expectations, and the company’s confirmation that its full-year guidance remains unchanged.
Heineken’s performance was notably buoyed by strong underlying trends in critical profit regions, including Vietnam. The company is currently in the initial phases of a multi-year strategy aimed at achieving superior and profitable growth, alongside improved free cash flow (FCF).
Mundy’s commentary highlighted the increasing confidence in Heineken’s ability to compound growth over time. This optimism is expected to lead to a re-evaluation of the company’s shares in the market. He pointed out that Heineken’s calendar year 2026 price-to-earnings (PE) ratio is projected at 15.8x, compared to a 16.5x PE ratio for the staples sector.
The analyst’s outlook suggests a belief that Heineken’s ongoing initiatives and its consistent performance will contribute positively to its valuation. Despite the lowered price target, the "Buy" rating indicates that Jefferies maintains a positive view on Heineken’s stock prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.