Goldman Sachs upgraded Ahold Delhaize (ADRNY) to Buy from Neutral with a price target of EUR 40, up from EUR 39. U.S. food and grocery spending has accelerated through 2024 and there are early signs Ahold’s recent U.S. turnaround plan is gaining traction, the analyst tells investors in a research note. Goldman cites the company’s ongoing strong European sales growth and improving trends in the U.S. for the upgrade.
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