GRUB - Just Eat Takeaway is tipped by Deutsche Bank for big near-term gain

Deutsche Bank issues a catalyst call buy idea on Just Eat Takeaway.com (NASDAQ:GRUB). Analyst Silvia Cuneo: "Considering the mixed sentiment on the stock, we think that even in-line results might be enough to reassure the market about the structural growth potential of the food delivery category beyond the pandemic. Yet, we see room for JET to positively surprise given Q4 is seasonally the largest quarter of the year and the market backdrop is supportive." Cuneo and team notes that the newsflow about fiercer food delivery competition in Germany, fee caps in the US, and increased funding for convenience grocery players has captured more share of attention since Just Eat Takeaway's Capital Markets Day than the potential tailwinds emerging from new restrictions in central Europe and the potential tighter regulatory environment. Just Eat Takeaway.com is down 2.70% in London trading and sits near its 52-week low.

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Just Eat Takeaway is tipped by Deutsche Bank for big near-term gain