UBS analyst Jo Barnet-Lamb assumed coverage of Delivery Hero with a Buy rating and price target of EUR 45, down from EUR 55. Balance sheet concerns seem priced into the shares with Delivery Hero’s valuation overlooking potential outperformance on growth, free cash flow and possibility of a transformational Asian deal, the analyst tells investors in a research note.
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- Delivery Hero price target lowered to EUR 61 from EUR 63 at Barclays
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- Delivery Hero price target lowered to EUR 44 from EUR 45 at Morgan Stanley
- Delivery Hero price target lowered to EUR 33 from EUR 35 at Deutsche Bank
