Redburn Atlantic analyst James Cordwell initiated coverage of Delivery Hero with a Neutral rating and EUR 22 price target. The company has strong market positions in the Middle East and certain regions in Europe, but its “stretched” balance sheet will likely leave it a target for competitors, limiting margin expansion and potentially pressuring growth, the analyst tells investors in a research note.
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Read More on DLVHF:
- Delivery Hero price target lowered to EUR 23 from EUR 25 at Deutsche Bank
- Delivery Hero price target lowered to EUR 45 from EUR 63 at RBC Capital
- Delivery Hero price target lowered to EUR 34 from EUR 38 at JPMorgan
- Delivery Hero price target lowered to EUR 39 from EUR 53 at UBS
- Delivery Hero price target lowered to EUR 25 from EUR 31 at Morgan Stanley
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