Deutsche Bank Downgrades Heineken Stock Amid Growth Uncertainty

Deutsche Bank downgraded Heineken N.V. to "hold" from "buy" on Thursday. The brewer's shares fell more than 2% following the downgrade. The bank cited increased uncertainty for the change in rating. Deutsche Bank also adjusted its price target for Heineken. The new price target is EUR 76, a reduction from the previous EUR 93. On the Amsterdam Stock Exchange, advancing stocks outpaced falling ones by 54 to 43. Ten stocks concluded trading unchanged. The AEX index, a main index for the Netherlands, closed down 0.21%. Heineken N.V. is listed on the Amsterdam Stock Exchange. This article is intended for informational purposes only. It does not constitute investment advice.