Heineken's Future Outlook Adjusted by Deutsche Bank: What Investors Need to Know
Deutsche Bank, a leading financial institution, has made significant adjustments to its outlook on Heineken NV (HEIA: NA) (OTC: HEINY), a popular beverage company. Analyst Mitch Collett has revised the price target for Heineken to EUR95.00 from EUR99.00, while maintaining a Buy rating on the shares. This change in outlook is due to a more cautious stance on the company's performance in Europe and the Asia-Pacific region, offset by a more positive outlook for the AME&EE and Americas regions.
Heineken is set to announce its third-quarter sales for 2024 on October 23rd. Deutsche Bank predicts organic volume growth of 1.0% and organic revenue growth of 3.0% for the quarter, with a 2.0% price/mix increase. The company is expected to confirm its full-year 2024 organic operating profit growth guidance of 4-8%, with Deutsche Bank's estimate at the higher end of 7.7%.
Deutsche Bank has updated its estimates for Heineken, lowering the expected organic volume and revenue growth for the current quarter and full year 2024. The bank's outlook for Heineken's future beyond 2024 has also been slightly reduced, leading to a decrease in earnings per share estimates for the company.
In conclusion, investors should take note of Deutsche Bank's revised outlook on Heineken and consider the potential impact on their investment decisions. It is important to stay informed about changes in company forecasts and adjust investment strategies accordingly to maximize returns and minimize risks.