Delivery Hero has been given a 'Buy' rating by UBS, with a target price of 50 euros.

According to analyst Jo Barnet-Lamb, recent comments from the head of Meituan, a Chinese delivery service, did not provide any unexpected insights.

Meituan is reportedly considering expanding into international markets, which could impact the competitive landscape in the delivery sector.

UBS's analysis reflects their confidence in Delivery Hero's market position in light of these developments.

This information was published on November 4, 2024, at 08:24 GMT, as part of UBS's ongoing assessment of the delivery service industry.