Ahold Delhaize: UBS still on hold

(CercleFinance.com) - UBS reiterates its neutral rating on the stock with an unchanged target price of E28, representing 8% upside potential.


"AD reported Q4'23 results were inline on an underlying basis. FY24 margin outlook reassuring though EPS guidance is disappointing", UBS says.

For fiscal 2024, Ahold Delhaize says it expects underlying EPS around its 2023 levels, an underlying operating margin of 4% or more, and free cash flow of around E2.3bn.


Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.