Ahold Delhaize: Invest Securities maintains 'buy' rating

(CercleFinance.com) - While shaving a few cents off its target price (from 24.
3 euros to 24 euros), Invest Securities confirms its "buy" rating on the Ahold Delhaize share, believing that the food retail group has conducted a merger that is keeping its promises.

Analysts highlight the optimisation of cash generation (free cash flow exceeding two billion euros), boosted by the many synergies generated without any major additional costs or investments.

Ahold Delhaize has the means to rekindle growth, given external growth opportunities that US distribution holds, even if investors would prefer indiscriminate buy-outs, the analyst adds.


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