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Deutsche Bank Remains a Hold on HelloFresh SE (HFG)

Tipranks - Tipranks - Sat Mar 21, 12:54AM CDT

In a report released yesterday, Nizla Naizer from Deutsche Bank maintained a Hold rating on HelloFresh SE, with a price target of €6.00. The company’s shares closed yesterday at €3.94.

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According to TipRanks, Naizer is a 4-star analyst with an average return of 12.2% and a 39.23% success rate. Naizer covers the Communication Services sector, focusing on stocks such as Stroeer SE & Co. KGaA, RTL Group SA, and JCDecaux SA.

In addition to Deutsche Bank , HelloFresh SE also received a Hold from J.P. Morgan’s Marcus Diebel in a report issued on March 18. However, yesterday, DZ BANK AG downgraded HelloFresh SE (XETRA: HFG) to a Sell.

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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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