Ahold Delhaize: BarCap downgrades 'overweight' rating

(CercleFinance.com) - Barclays Capital (BarCap) has downgraded its "overweight" recommendation on Ahold Delhaize to "weight in line," with the share price of the Belgo-Dutch retailer approaching the broker's target price (which it maintains) of 19 euros.


BarCap basically appreciates Ahold Delhaize's strong cash generation and its commitment to ensuring the efficiency of its balance sheet, said the broker, even though it remains a little more cautious about certain aspects of the group.

It cites potentially unfavourable dynamics on US tax reform, more tangible changes at Amazon-Whole Foods, a likely slowdown in cash yields beyond 2018, and recent negative currency effects.


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