Jefferies analyst Giles Thorne downgraded Just Eat Takeaway.com (JTKWY) to Hold from Buy with a price target of EUR 20.30, down from EUR 22.50, following the announcement of the acquisition offer by Prosus and the release of fiscal 2024 results. The firm cites the price action and high probability of a successful takeover for the downgrade.
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Read More on JTKWY:
- Just Eat Takeaway.com Reports 2024 Financial Results
- Just Eat Takeaway.com downgraded to Hold from Buy at Deutsche Bank
- Prosus Announces $4.29B Deal for Just Eat Takeaway.com to Expand Its Food-Delivery Investments
- Just Eat Takeaway.com to be acquired by Prosus N.V. for EUR 20.30 per share
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