Just Eat Takeaway.com initiated with a Neutral at Goldman Sachs

Goldman Sachs initiated coverage of Just Eat Takeaway.com with a Neutral rating and EUR 15.7 price target as part of a broader research note on European Online Food Services names. The company has a slower growth profile than peers given it operates in relatively more mature markets with already elevated market shares and tends to compete against other well-funded, established competitors, the analyst tells investors in a research note. Just Eat Takeaway.com’ near-term growth outlook also remains challenged amid ongoing pressure on discretionary spend in its markets, the firm added.