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HelloFresh SE (HFG) was downgraded to a Sell Rating at DZ BANK AG

Tipranks - Tipranks - Fri Mar 20, 12:38PM CDT

HelloFresh SE received a Sell rating and price target from DZ BANK AG analyst Thomas Maul today.

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Maul covers the Consumer Cyclical sector, focusing on stocks such as HelloFresh SE, PUMA SE NPV, and Zalando. According to TipRanks, Maul has an average return of 4.0% and a 48.82% success rate on recommended stocks.

In addition to DZ BANK AG, HelloFresh SE also received a Sell from Morgan Stanley’s Luke Holbrook in a report issued today. However, on the same day, Berenberg Bank maintained a Buy rating on HelloFresh SE (XETRA: HFG).

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Based on HelloFresh SE’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €1.58 billion and a GAAP net loss of €49.2 million. In comparison, last year the company earned a revenue of €1.83 billion and had a GAAP net loss of €33.3 million

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