World: Deutsche Bank cuts Heineken price target to EUR80 from EUR82

On March 25, Deutsche Bank analysts adjusted their financial outlook for Heineken NV, reducing the beer giant’s price target from EUR 82.00 to EUR 80.00, while maintaining a Hold rating on the stock. The revision comes ahead of Heineken’s first-quarter sales report, scheduled for release on April 16, 2025, Investing.com reported.

Analysts at Deutsche Bank anticipate that Heineken will experience organic volume growth of 3.0% in the first quarter of 2025. However, they forecast a slight decline in organic revenue growth of -0.5%, with a price/mix of 2.6%. The expected downturn in revenue growth is attributed to several factors, including the comparison to a leap year, a later Easter, and challenges in specific markets such as Europe and Mexico. Despite these headwinds, a ’normal’ Tet celebration in Vietnam is anticipated.

Heineken is expected to confirm its full-year 2025 organic operating profit guidance, which predicts an increase of 4-8%. Deutsche Bank’s own estimate stands at 5.4%, while the Vuma consensus—a compilation of forecasts from various analysts—suggests a slightly higher expectation of 6.1%.

Investors and market watchers will be closely monitoring Heineken’s performance as the company navigates through the varied market conditions and strives to meet its stated financial targets for the year.

26 March, 2025