© Reuters. Ahold Delhaize: a slight withdrawal on a note adverse
Ahold Delhaize (BR:DELB) transfers 0.2% to Amsterdam, on a background of degradation of recommendation at Jefferies from ‘buy’ to ‘hold’ with a price target reduced from 22.8 to 21 euros on the title of the food distributor belgo-Dutch.
‘The ongoing consolidation in the United States provide excellent opportunities to create value for Ahold, Delhaize on the medium-term, acknowledges the financial intermediary, cautioning, however, that risk can re-emerge in the short term.
The broker points, and a context of progression limited margins in the United States, a lower support synergies net and an outperformance of the order of 50% compared to the sector since its low point in 2017′.
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