Media & Online: DB sees online shift to stay in 2021

RTL SA

01/03/2021 09:57

** In 2021, media and online stocks are likely to continue
to be sensitive to the COVID-19-related newsflow, Deutsche Bank
says
    ** The broker expects the pull-forward in the structural
shift towards online buying witnessed in 2020 to be sustained in
2021 
    ** Such a scenario would be supportive for businesses
exposed to online transitions, such as food delivery, meal kits,
new generation of online classifieds and providers of digital
commerce & advertising products, it says
    ** The brokerage upgrades online advertising group Adevinta
 ADEV.OL  and its former parent Schibsted  SBSTA.OL  to "buy"
from "hold" as it expects both to rapidly rebound once activity
picks up in their underlying markets
    ** DB also raises food ordering firm Just Eat Takeaway (JET)
 TKWY.AS  to "buy" from "hold" as it is more comfortable about
the group's strategy and sees a more attractive risk-reward
balance
    ** The broker ups broadcaster RTL Group  RRTL.DE  to "buy"
from "hold", citing further potential for shareholder returns
and value crystallization opportunities in its portfolio


 ((marta.frackowiak@thomsonreuters.com))