UBS reiterates its neutral recommendation on the stock with an unchanged target of E28, which represents a potential upside of 8%.

' Ahold Delhaize announced that fourth-quarter results for 2023 were in line on an underlying basis. The margin outlook for fiscal 2024 is reassuring even if EPS forecasts are slightly disappointing' says UBS.

For fiscal 2024, Ahold Delhaize says it expects underlying EPS around its 2023 levels, an underlying operating margin of 4% or more, and free cash flow of around E2.3 billion.

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