Germany's Delivery Hero slides after Citi downgrades stock

Just Eat Takeaway.com NV

15/10/2024 08:11

** Delivery Hero  DHER.DE  slides 1%
    ** Citi downgrades to "neutral" from "buy", given recent
share gains
    ** YTD, DHER has risen over 50%
    ** Expects "potentially uneventful set of Q3 results" from a
growth perspective for European food delivery
    ** Slightly upgrades estimates for DHER on moderately
better-than-expected app trends in the quarter, expecting gross
merchandise value (GMV) growth to remain unchanged Q/Q
    ** Says forecasts for peers Just Eat Takeaway  TKWY.AS  and
Deliveroo  ROO.L  broadly in line and only slightly below
Visible Alpha consensus
    ** On avg, DHER, TKWY and ROO rated "buy" - LSEG

 (Reporting by Linda Pasquini)
 ((Linda.pasquini@thomsonreuters.com))