ZURICH (dpa-AFX Analyzer) – The major Swiss bank UBS has left the rating for Delivery Hero at “Buy” with a price target of 45 euros. Analyst Jo Barnet-Lamb called the food delivery company’s decision to sell its stake in British industry colleague Deliveroo “unsurprising and sensible.” He sees positive aspects in it, he wrote in a study available on Monday. Barnet-Lamb pointed to a “disciplined approach” to capital distribution, which underlines that management is becoming increasingly pragmatic and making increasingly shareholder-friendly decisions. In addition, this is likely to flush money into the company’s cash-strapped coffers./ck/mis
Publication of the original study: January 29, 2024 / 8:46 p.m. / GMT
First distribution of the original study: January 29, 2024 / 8:46 p.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 Para. 1 WpHG, Art. 20 Regulation (EU) 596/2014 for the analyst firm mentioned can be found at
The Delivery Hero share is currently trading at a loss of -3.27% and a price of EUR 22.64.
Analyzing institute: UBS
Analyst: Jo Barnet-Lamb
Company Analyzed: Delivery Hero
New stock classification: positive
New price target: 45
Price target old: 45
Currency: EUR
Time frame: 12m
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