Ahold Delhaize: Morgan Stanley maintains 'overweight' rating
(CercleFinance.com) - Morgan Stanley has trimmed its target price on Dutch-based supermarket operator Ahold Delhaize from 23 euros to 21 euros, although maintains an "overweight" rating on the stock.
The broker believes that Ahold is a European retailer that offers high and sustainable free cashflow generation and hence has upside potential, as conventional operators are likely to be "sandwiched" between discounters and online operators.
Morgan Stanley points out that the shares still offer 23% upside relative to its new target price.
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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.
The broker believes that Ahold is a European retailer that offers high and sustainable free cashflow generation and hence has upside potential, as conventional operators are likely to be "sandwiched" between discounters and online operators.
Morgan Stanley points out that the shares still offer 23% upside relative to its new target price.
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.