Ahold Delhaize's Fiscal Year Guidance Upgrade Overshadowed by U.S. Concerns -- Market Talk
11 Agosto 2021 - 3:11AM
Noticias Dow Jones
Anticipation of Ahold Delhaize's upgrade to its full-year
guidance in Wednesday's second-quarter earnings drove shares to new
pandemic-era peaks in recent weeks, but investors will now be
watching for any sign of third-quarter weakness, Jefferies says.
The Dutch grocer lifted its full-year per-share earnings guidance
and raised margin expectations, but U.S. demand support will now be
the focus, the bank says. "Critical to future performance will be
the extent to which the logical disconnect of concurrently soaring
food-service spend and structurally higher grocery store sales will
develop in a post-pandemic U.S. market," Jefferies says, retaining
its hold rating and price target of EUR25.0. Shares are up 1.8% at
EUR27.34. (joseph.hoppe@wsj.com)
(END) Dow Jones Newswires
August 11, 2021 04:03 ET (08:03 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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