Ahold Delhaize downgraded to Sell from Neutral at UBS

UBS analyst Sreedhar Mahamkali downgraded Ahold Delhaize to Sell from Neutral with a price target of EUR 27, down from EUR 28. The company’s strategy of accelerating growth and U.S. price cuts will likely lead to a period of less than 4% EBIT margin, the analyst tells investors in a research note. The firm sees downside risks into fiscal 2025.