Wittman schreef op 7 augustus 2024 09:12:
Reuters – JPM ups Just Eat Takeaway on cost control, M&A prospects** J.P.Morgan upgrades Just Eat Takeaway
TKWY
to "overweight" from "neutral", pointing to resilient cash flows and potential catalysts from M&A
** "The market is missing that the operations of the 'new JET' have now stabilized, the balance sheet is restored and management is executing well on cost control" - JPM
** Broker adds that its "blue-sky" scenario suggests further
100% share upside if management executes well on costs
** It notes that Menulog, GrubHub disposals may yield 1.4 billion euros ($1.53 billion) amid sector consolidation
** The 150 million euro buyback programme is expected to protect the downside, it says
** Out of 20 analysts that cover Just Eat Takeaway, 11 rate the stock "strong buy" or "buy,"? five rate it "hold" and four rate the stock "strong sell" or "sell"
($1 = 0.9168 euros)