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Ahold Delhaize: Invest Securities maintains 'buy' rating

( - Invest Securities has reinstated its "buy" rating on the Ahold Delhaize share, along with its target price of 24 euros, noting that it has been resilient over very recently, although remains affordable as it lacks a stockmarket image that matches the quality of its fundamentals.

The broker recognises that the second quarter has been chaotic, with the effects of the strike at Stop & Shop in the US. It says that these effects were largely preempted through effective crisis communication, which is consisten with a well-managed company.

Excluding this very particular context, the group's performance have improved in the US and Europe, where the appeal of the business model deployed by the group remains unique, as well as its profitability, the analyst continues.

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