(News Bulletin 247) – Credit Suisse maintains its Outperformance recommendation but raises its price target from 141 to 144 pence on the Deliveroo share.

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Following the Q4 2022 business update, Credit Suisse saw ‘a number of strong points’, regarding Deliveroo, including gross margin ‘which was a clear positive surprise’.

The analyst considers the forecasts ‘reassuring, explicit and judiciously positioned’.

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And to conclude: ‘We consider the group as an undervalued, innovative and successful company, with a solid balance sheet and likely to generate greater returns on investment. ‘

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