Ahold Delhaize: Invest Securities raises target price
(CercleFinance.com) - Invest Securities maintains its "buy" rating on Ahold Delhaize, having upped its target price for the share from 22.
6 euros to 24.3 euros, saying that it believes that the group benefits from fairly rare growth momentum in a sector that is still accumulating handicaps.
The analyst says that the clarity of its strategy, an optimisation of the dedicated means and an implicit raising of earnings guidance (net underlying earnings), are in his opinion the first major lessons stemming from Ahold Delhaize's Capital Market Day held on Tuesday in New York.
Analysts add that the quality of the group's presentations reflect a group that is coherent in its structures and its management structure and for which the merger has stronger growth potential.
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.
6 euros to 24.3 euros, saying that it believes that the group benefits from fairly rare growth momentum in a sector that is still accumulating handicaps.
The analyst says that the clarity of its strategy, an optimisation of the dedicated means and an implicit raising of earnings guidance (net underlying earnings), are in his opinion the first major lessons stemming from Ahold Delhaize's Capital Market Day held on Tuesday in New York.
Analysts add that the quality of the group's presentations reflect a group that is coherent in its structures and its management structure and for which the merger has stronger growth potential.
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.