Oklo stock tumbles as Financial Times scrutinizes valuation
Investing.com - Jefferies has upgraded Koninklijke Ahold Delhaize NV (AS:AD) (OTC:ADRNY) from Hold to Buy, raising its price target to EUR42.00 from EUR39.50.
The upgrade comes as Jefferies believes recent concerns weighing on the stock have been overplayed, including U.S. dollar fluctuations, price competition worries, and Amazon’s renewed focus on its food business.
Jefferies notes that Ahold Delhaize’s subsequent derating to a 7.8% free cash yield fails to account for the growing strength of the company’s existing businesses.
The firm also highlights potential opportunities for Ahold Delhaize to pursue meaningful consolidation in response to changing competitive dynamics, specifically mentioning Kroger as "perhaps the most obvious partner."
The new price target of EUR42.00 represents an increase of approximately 6.3% from the previous target of EUR39.50 set by Jefferies.
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