Ahold Delhaize: Invest Securities remains a buyer.
(CercleFinance.com) - Invest Securities reiterates its "buy" rating on Ahold Delhaize and has inched up its target price from 21.
2 euros to 21.8 euros, in the wake of the Belgo-Dutch group's interim results.
According to the broker's analyst these results fully validate guidances originally issued by the company in terms of the generation of synergies, the momentum of its operating margin and FCF generation.
The broker believes that these results will mean a reassessment of the group's outlook in view of more deflationary conditions than expected and increasingly fierce competition, after which there will be a negative translation impact of results in the United States as from the second half.
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.
2 euros to 21.8 euros, in the wake of the Belgo-Dutch group's interim results.
According to the broker's analyst these results fully validate guidances originally issued by the company in terms of the generation of synergies, the momentum of its operating margin and FCF generation.
The broker believes that these results will mean a reassessment of the group's outlook in view of more deflationary conditions than expected and increasingly fierce competition, after which there will be a negative translation impact of results in the United States as from the second half.
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.