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Ahold Delhaize: UBS says stock discount unjustified

( - The broker confirms its buy rating on the stock with a target price of 32 euros.

"We address three key investor debates and point to unjustified 30% discount vs. US peers on multi-employer pension adjusted basis," UBS says.

Remember that Ahold Delhaize said it now expects its underlying 2022 EPS to be comparable to its level in 2021, rather than down "in the low to mid-single digit range".

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