NEW YORK, Feb 21 (Reuters) - Shares in brewer Heineken NV , which last month agreed to buy the beer business of Mexico's FEMSA, could be a play on the consolidating beer market, Barron's reported on Sunday.
The Dutch company stands to gain a revenue boost and increased exposure to growing emerging markets as a result of the deal, Barron's said.
Heineken's American Depositary receipts are flat this year at about $24, while its Amsterdam-listed shares are up 5.6 percent, the newspaper said.
Todd Lowenstein, an investor at Highmark Capital Management, who bought Heineken ADRs last November, believes the instruments could rise to $40 in the next three years, Barron's reported.
Heineken ADRs closed at $23.80 on Friday.
(Reporting by Elinor Comlay; Editing by Bernard Orr) Keywords: HEINEKEN/SHARES (elinor.comlay@thomsonreuters.com; +1 646 223 6116) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The Dutch company stands to gain a revenue boost and increased exposure to growing emerging markets as a result of the deal, Barron's said.
Heineken's American Depositary receipts are flat this year at about $24, while its Amsterdam-listed shares are up 5.6 percent, the newspaper said.
Todd Lowenstein, an investor at Highmark Capital Management, who bought Heineken ADRs last November, believes the instruments could rise to $40 in the next three years, Barron's reported.
Heineken ADRs closed at $23.80 on Friday.
(Reporting by Elinor Comlay; Editing by Bernard Orr) Keywords: HEINEKEN/SHARES (elinor.comlay@thomsonreuters.com; +1 646 223 6116) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.