DB downgrades Heineken to 'hold' on rising uncertainty

Heineken NV

28/05/2026 08:57

** Deutsche Bank downgrades Dutch brewer Heineken HEIN.AS to "hold" from "buy" as the broker believes uncertainty surrounding the company has increased
** The broker points to a recent CEO change and weak industry data in Europe and the United States as key factors weighing on the stock
** DB describes the outlook as "cloudy with a chance of curveballs," highlighting potential cost impacts from the Middle East conflict and mixed growth in Mexico and Brazil
** The brokerage adds that the upside it previously expected when it upgraded the shares did not materialise largely due to these macroeconomic and structural factors
** Out of 25 analysts that cover Heineken, 15 rate the stock "strong buy" or "buy," ​nine rate "hold" and one rates the stock "sell" - LSEG data

 (Reporting by Hugo Lhomedet)
 ((hugo.lhomedet@thomsonreuters.com))