HelloFresh has been upgraded by UBS from "Sell" to "Neutral," with a price target increase from 6.20 euros to 10.60 euros.
The upgrade reflects increased confidence in HelloFresh's strategic direction, supported by reduced capital cost forecasts and higher earnings estimates.
Despite a recent recovery, HelloFresh shares are still down approximately 29 percent this year, which is seen as an adequate risk/reward ratio.
This change in investment recommendation comes as the company faces challenges in the market environment.