Goldman Is Bullish on Heineken for First Time in Three Years
- Emerging-market beer sales seen improving while costs ease
- Goldman’s neutral rating since 2020 proved a good call
Heineken recovered its pandemic-fueled losses earlier this year, only to slump in May.
Photographer: Taylor Weidman/BloombergThis article is for subscribers only.
For the first time in three years, Goldman Sachs Group Inc. analysts say it’s time to buy shares of Heineken NV.
The Dutch maker of lager beer is set to benefit from an improving economic outlook in Vietnam, a growing market share in Brazil and a promising start in the US for its new premium brand Heineken Silver, Olivier Nicolai and his team wrote in a note.