Heineken is a catalyst call buy idea at Deutsche Bank

bizoo_n Deutsche Bank fired off a catalyst call buy idea on Heineken N.V. (OTCQX:HEINY) on Wednesday on the expectation for a short-term share price gain. Analyst Mitch Collett and team turned bullish on Heineken N.V. (OTCQX:HEINY) as they hedged against Stoxx Food and Beverages in general ahead of the beer company’s capital markets event on December 1-2. The DB breakdown: “We believe the recent de-rating of Heineken relative to both brewing peers and European Staples leaves Heineken undervalued with the shares trading at a CY23 P/E of 16.6x (a 20% discount to European Staples) and offering a FCF yield of c. 5.0%.” Heineken N.V. (OTCQX:HEINY) showed a 0.47% drop in Wednesday afternoon trading in Amsterdam. Shares of Heineken are down 20.22% on a year-to-date basis. Read a recent breakdown on Heineken N.V. (OTCQX:HEINY) stock from Seeking Alpha author Growth and Value Trading.