(News Bulletin 247) – Credit Suisse maintains its Outperformance recommendation but raises its price target from 141 to 144 pence on the Deliveroo share.
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’.
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. ‘
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.