Citi downgraded Delivery Hero (DLVHF) to Sell from Neutral with a price target of EUR 26, down from EUR 28. Delivery Hero’s current valuation does not fully capture the increasingly competitive landscape, the analyst tells investors in a research note. Citi adds that Meituan-backed Keeta’s aggressive expansion in Saudi Arabia has been high effective at capturing traffic share, and there’s further risks that Meituan expands into other MENA markets in FY25-26.
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Read More on DLVHF:
- Delivery Hero price target raised to EUR 50 from EUR 48 at JPMorgan
- Delivery Hero price target raised to EUR 30 from EUR 29 at Deutsche Bank
- Delivery Hero price target lowered to EUR 28 from EUR 30 at Citi
- Delivery Hero price target lowered to EUR 38 from EUR 40 at Morgan Stanley
- Delivery Hero price target raised to EUR 48 from EUR 45 at JPMorgan
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