FRANKFURT (dpa-AFX) - The shares of Delivery Hero are likely to stabilize further on Tuesday after their recent two-week weakness. A positive assessment by the major Swiss bank UBS is providing a boost. In pre-market trading on Tradegate, the shares gained 3.6 percent compared to the Xetra close at 28.78 euros. However, they are still a long way from their highest level since the beginning of September at almost 34 euros, reached just under two weeks ago.

Analyst Jo Barnet-Lamb described the food delivery company as a "top e-food pick", making Delivery Hero his first choice among Internet stocks when it comes to food. Barnet-Lamb believes that the company will achieve the triple of growth, profit and positive cash inflow in the current year.

The expert raised his price target for Delivery Hero, which was already well above the Xetra level, from 40 to 48 euros. The shares last cost this much at the beginning of February 2023./ajx/mis