The Netherlands: Heineken upgraded by J.P. Morgan

The Dutch beer giant Heineken was upped from underweight to neutral by JP Morgan, Market Watch reported on June 24.

However, the long-term concerns remain: reshaping of Femsa Cerveza, the Mexican profit subsidiary, a possible loss of exclusivity at Oxxo – the largest store chain in Mexico with over 7,300 stores - and loss of about 40% of EBIT from Western Europe, JP Morgan said.

25 June, 2010