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Underperform rating for Delivery Hero stock citing competition in Korea and MENA markets


Published on 2025-01-20 14:21:07 - MSN
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  • JPMorgan initiated coverage on Kirin Holdings Co Ltd (2503:JP) (OTC: KNBWY), assigning a Neutral rating to the company's shares and establishing a price target of
  • 2,100. The move comes as the analyst projects an annual profit growth of 7% from FY2024 to FY2027,

The article from MSN Money discusses a recent downgrade of Delivery Hero's stock by analysts at Bernstein, who have shifted their rating from "market perform" to "underperform." This downgrade is primarily due to heightened competition in key markets like Korea and the Middle East and North Africa (MENA) region. Bernstein's analysis suggests that Delivery Hero's growth in these regions might not meet expectations, potentially leading to a decrease in stock value. The report also mentions that despite Delivery Hero's efforts to expand and improve its services, the competitive landscape, particularly in Korea with companies like Coupang, and in MENA with various local players, could hinder its market share growth. This has led to a cautious outlook on the stock's performance in the near future.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/underperform-rating-for-delivery-hero-stock-citing-competition-in-korea-and-mena-markets/ar-AA1xxtGl ]