Ahold Delhaize: removed from Invest Securities' best picks.
(CercleFinance.com) - Invest Securities has removed Ahold Delhaize from its best picks, although maintains its "buy" rating on the stock, while trimming its target price from 24.
4 euros to 21 euros.
The broker's analysts acknowledge that the US does not provide a more promising outlook for food retailers than Europe, as the lack of reflation in food prices is hitting both sides of the Atlantic.
The broker continues, saying that its previous stance has been shaken by Amazon's recent arrival in US food retail, with the planned takeover of Whole Foods Markets.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
4 euros to 21 euros.
The broker's analysts acknowledge that the US does not provide a more promising outlook for food retailers than Europe, as the lack of reflation in food prices is hitting both sides of the Atlantic.
The broker continues, saying that its previous stance has been shaken by Amazon's recent arrival in US food retail, with the planned takeover of Whole Foods Markets.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.