Ahold Delhaize: UBS downgrades stock

(CercleFinance.com) - UBS has downgraded its recommendation on Ahold Delhaize from 'neutral' to 'sell', reducing its TP from E28 to E27.
This new target implies 6% downside potential for the Belgian-Dutch food retailer's stock.

"AD's strategy of accelerating growth and US price cuts likely leads to a period of <4% Group EBIT margin. With downside risks into FY25e", the broker warns.


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