Ahold Delhaize

Ahold Delhaize reported Q2 net revenue of EUR 23.2bn (+1.9%), in line with expectations, while diluted adjusted earnings per share of EUR 0.63 were marginally below the forecast of EUR 0.6365. Comparable sales rose in the US excluding fuel by 0.8% and in Europe by 1.8%, and US online sales grew by 14.5%. The adjusted operating margin edged down to 3.9% and free cash flow remained seasonally weaker, but management confirmed the full-year guidance including margin and free-cash-flow targets. The company highlights market share gains in core markets and continues to invest in pricing, private labels and digitization. » More on de.investing.com

JPMorgan has left Ahold Delhaize at "Underweight" with a price target of €24.07 after US rival Albertsons sharply lowered its annual targets. The rating makes Ahold Delhaize the number one on the list of analysts' sell recommendations for calendar week 30. Other companies on the sell list include Fresenius Medical Care, Hapag-Lloyd, Danone and L'Oréal. » More on finanzen.net

JPMorgan raises the price target for Ahold Delhaize from €23.86 to €24.07, but retains the "Underweight" rating. Analyst Borja Olcese labels the stock "Negative Catalyst Watch" and expects further weakened sales growth in the second quarter. According to JPMorgan, investments have weighed on the margin, and the bank warns of overly high market expectations and possible disappointments. The stock reacted with slight losses in the Netherlands. » More on finanzen.net