Ahold Delhaize: Jefferies confirms rating
(CercleFinance.com) - On Monday Jefferies says that "In our view AD (Ahold) can (should?) take the consolidation initiative in the US" and has confirmed its "buy" rating on the share.
The timing is ideal, the broker continues - first because the Belgian-Dutch retailer can still take benefit from eighteen months of synergies to outperform its US competitors, and then because at the end of 2018, the merger will be perfectly digested, two and a half years after its completion.
The broker also confirms its target price of 22.80 euros.
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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 timing is ideal, the broker continues - first because the Belgian-Dutch retailer can still take benefit from eighteen months of synergies to outperform its US competitors, and then because at the end of 2018, the merger will be perfectly digested, two and a half years after its completion.
The broker also confirms its target price of 22.80 euros.
Copyright (c) 2018 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.