Kepler Cheuvreux moves Ahold Delhaize to 'hold' on U.S. dollar weakness

Kepler Cheuvreux cuts Dutch food retail group Ahold Delhaize AD.AS to "hold" from "buy" due to weakness of the U.S. dollar

"FX headwinds are lowering its total shareholder return profile from 15% to 10%, and we believe it is a good time to take some profit," the broker says

It also removes Ahold Delhaize from its European dividend selection basket

Up to Wednesday's close, shares were up 19%​ YTD