Ahold Delhaize: Morgan Stanley initiates at 'equal-weight'
(CercleFinance.com) - Morgan Stanley initiates coverage of the Dutch retailer Ahold Delhaize with an "equal-weight" rating and a target price of 24.
2 euros, seeing a "balanced risk-reward" and "few catalysts ahead."
Ahold Delhaize shares have underperformed the sector year-to-date, but now look fairly valued, with a 10% FCF yield, MS says, which says it prefers British supermarket group Tesco.
The Ahold Delhaize share is currently up 0.2% at 22.56 euros on Euronext Amsterdam.
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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.
2 euros, seeing a "balanced risk-reward" and "few catalysts ahead."
Ahold Delhaize shares have underperformed the sector year-to-date, but now look fairly valued, with a 10% FCF yield, MS says, which says it prefers British supermarket group Tesco.
The Ahold Delhaize share is currently up 0.2% at 22.56 euros on Euronext Amsterdam.
Copyright (c) 2019 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.