Ahold Delhaize upgraded to Buy from Neutral at BofA

BofA upgraded Ahold Delhaize to Buy from Neutral with a price target of $37, up from $33. The analyst expects the company’s “Growing Together” strategic plan to drive 9% annual earnings growth through 2028, two points faster than consensus estimates. Ahold offers an appealing combination of market-leading sales growth along with consistent shareholder returns, the analyst tells investors in a research note.