Ahold Delhaize: Invest Securities raises target price
(CercleFinance.com) - Invest Securities reiterates its "buy" rating on the Ahold Delhaize share, having increased its corresponding target price from 27.
6 euros to 29.1 euros, after what it believes is a disappointing recent stockmarket performance given its highly profitable growth.
What is strange in analysts' opinion is partly due to the fact that the proven advantage of the duality of its business model between the United States and Europe does not really motivate US investors, who prefer domestic pure plays.
This assumption will undoubtedly be lifted in the end, because the group should be able to capitalise on the exceptional performances of 2020, the analyst says however, for whom these achievements go well beyond the "windfall effect" of the pandemic.
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