NEW YORK (dpa-AFX Broker) - The US bank JPMorgan has upgraded Stroer from "Neutral" to "Overweight" and raised its price target from 50 to 70 euros. After the European internet sector barely recovered from the previous year's setback in 2023, he expects an improvement in 2024, analyst Marcus Diebel wrote in an industry outlook published on Wednesday. He is counting on the now significantly lower expectations, an increase in profitability and cash inflows, a further decline in bond yields and an increase in mergers and acquisitions. Diebel's preferred stocks are Hellofresh, Delivery Hero, CTS Eventim, Trainline and Stroer. He also awarded Stroer "Positive Catalyst Watch" status, expressing his optimistic expectations for the upcoming annual figures. He considers THG, Auto Trader and JCDecaux to be comparatively unattractive./gl/edh

Publication of the original study: 05.12.2023 / 21:42 / GMT First dissemination of the original study: 06.12.2023 / 00:15 / GMT

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