European Beverage Stocks Have Reason to Be Cheap -- Market Talk

Dow Jones

2025/11/28

0723 GMT - Most European beverage stocks are trading at lower valuations than their averages over the past five, ten and 15 years after another challenging year of share-price performances, but this seems justified, Deutsche Bank's Mitch Collett says. "The sector is cheap for a reason. Earnings growth has been weak for an extended period and structural concerns are building. Disappointing delivery in 2025 only added to these concerns," the analyst says in a research note. The sector's low valuations means stocks could go up next year, particularly those that can deliver growth and face less structural headwinds, he adds. Deutsche Bank lifts its recommendation on Heineken to buy from hold, and lowers its recommendation on Bud brewer Anheuser-Busch InBev to hold from buy. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

November 28, 2025 02:23 ET (07:23 GMT)

應版權方要求，你需要登入查看該內容

登入 / 註冊

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2586092992"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2586092992\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2586092992?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-28 15:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2586092992","market":"sh","top_or_hot":-1,"title":"European Beverage Stocks Have Reason to Be Cheap -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0723 GMT - Most European beverage stocks are trading at lower valuations than their averages over the past five, ten and 15 years after another challenging year of share-price performances, but this seems justified, Deutsche Bank's Mitch Collett says. \"The sector is cheap for a reason. Earnings growth has been weak for an extended period and structural concerns are building. Disappointing delivery in 2025 only added to these concerns,\" the analyst says in a research note. The sector's low valuations means stocks could go up next year, particularly those that can deliver growth and face less structural headwinds, he adds. Deutsche Bank lifts its recommendation on Heineken to buy from hold, and lowers its recommendation on Bud brewer Anheuser-Busch InBev to hold from buy. (adria.calatayud@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 28, 2025 02:23 ET (07:23 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>European Beverage Stocks Have Reason to Be Cheap -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEuropean Beverage Stocks Have Reason to Be Cheap -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-11-28 15:23</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0723 GMT - Most European beverage stocks are trading at lower valuations than their averages over the past five, ten and 15 years after another challenging year of share-price performances, but this seems justified, Deutsche Bank's Mitch Collett says. \"The sector is cheap for a reason. Earnings growth has been weak for an extended period and structural concerns are building. Disappointing delivery in 2025 only added to these concerns,\" the analyst says in a research note. The sector's low valuations means stocks could go up next year, particularly those that can deliver growth and face less structural headwinds, he adds. Deutsche Bank lifts its recommendation on Heineken to buy from hold, and lowers its recommendation on Bud brewer Anheuser-Busch InBev to hold from buy. (adria.calatayud@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 28, 2025 02:23 ET (07:23 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4158","symbol_name":"啤酒釀造商","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2586092992","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2586092992","pubTimestamp":1764314580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0723 GMT - Most European beverage stocks are trading at lower valuations than their averages over the past five, ten and 15 years after another challenging year of share-price performances, but this seems justified, Deutsche Bank's Mitch Collett says. \"The sector is cheap for a reason. Earnings growth has been weak for an extended period and structural concerns are building. Disappointing delivery in 2025 only added to these concerns,\" the analyst says in a research note. The sector's low valuations means stocks could go up next year, particularly those that can deliver growth and face less structural headwinds, he adds. Deutsche Bank lifts its recommendation on Heineken to buy from hold, and lowers its recommendation on Bud brewer Anheuser-Busch InBev to hold from buy. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4158":"啤酒酿造商","BK4585":"ETF&股票定投概念","BUD":"百威英博","HEINY":"Heineken N.V."},"translate_title":"欧洲饮料股有理由便宜——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BUD":0.9,"HEINY":0.9},"content_text":"0723 GMT - Most European beverage stocks are trading at lower valuations than their averages over the past five, ten and 15 years after another challenging year of share-price performances, but this seems justified, Deutsche Bank's Mitch Collett says. \"The sector is cheap for a reason. Earnings growth has been weak for an extended period and structural concerns are building. Disappointing delivery in 2025 only added to these concerns,\" the analyst says in a research note. The sector's low valuations means stocks could go up next year, particularly those that can deliver growth and face less structural headwinds, he adds. Deutsche Bank lifts its recommendation on Heineken to buy from hold, and lowers its recommendation on Bud brewer Anheuser-Busch InBev to hold from buy. (adria.calatayud@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 28, 2025 02:23 ET (07:23 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}