Ahold Delhaize: UBS still a buyer, with E32 target price

(CercleFinance.com) - The broker confirms its buy rating on the stock with an unchanged target price of 32 euros.


"We believe AD offers a very good defensive profile in these choppy markets: strong market leading positions in the NL & US food retail, healthy cash generation (c8% Food FCF), sector's best balance sheet (2x ND/EBI.," UBS says.

Remember that Ahold Delhaize has stated that it now expects its underlying EPS for 2022 to be comparable to the 2021 level, and no longer down to a percentage "in the low to mid-single digit range".



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