Delivery Hero: Barclays raises target price

(CercleFinance.com) - Barclays reinstates its "overweight" rating on Germany's Delivery Hero shares, having increased its target price for them from 66 euros to 71.
3 euros.

While it acknowledges that Q3 gross merchandise volume (GMV) guidance was "a little soft", the broker still sees room for improvement in the business with the help of the Q2 release.

Barclays still believes that Delivery Hero has "the best chance of both growing well and improving EBITDA in the medium term" amongst its listed peers in Europe.



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