RBC Revises Heineken Price Target, Forecasts Post-H1 Earnings

11:59 AM EDT, 08/11/2026 (MT Newswires) -- RBC Capital Markets revised its price target and forecasts for Heineken (HEIA.AS) amid a model update following the Dutch brewer's first-half earnings report. The price target was increased to 84 euros from 81 euros on Tuesday, while the sector perform rating on the stock was retained. "We forecast organic EBIT growth of 5.5% (up from 2.7%) for 2026, our forecasts moving from the lower end to the upper end of Heineken's guidance. The new CEO, Rafa Oliveira, starts on 1 October. We would expect further visibility around Heineken's long-term trajectory to emerge in the 1H 2027. For now, we assume flattish margins consistent with low-mid single digit organic EBIT growth," according to the research firm. Analysts also trimmed their revenue estimate for 2026, while lifting their EPS forecast for the year. For 2027 and 2028, the projections for both metrics were bumped up.