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Jefferies Confirms Rating Ahold Delhaize


On Monday Jefferies says that 'In our view AD (Ahold) can (should?) take the consolidation initiative in the US' and has confirmed its 'buy' rating on the share.


The timing is ideal, the broker continues - first because the Belgian-Dutch retailer can still take benefit from eighteen months of synergies to outperform its US competitors, and then because at the end of 2018, the merger will be perfectly digested, two and a half years after its completion.


The broker also confirms its target price of 22.80 euros.


 Bron: CercleFinance.com.

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