NEW YORK (dpa-AFX Broker) - The US investment bank Morgan Stanley has upgraded Hellofresh from "Equal-weight" to "Overweight" after the recent share price weakness, but lowered the price target from 18 to 17 euros. The share is a story with two different sides: While the ready meals business is convincing, the cooking boxes are weakening, wrote analyst Luke Holbrook in a study published on Tuesday. The market is underestimating the potential of ready meals in North America and Europe. The "Factor" division alone currently justifies the sharp drop in market valuation./tih/edh

Publication of the original study: 23.01.2024 / 05:00 / GMT

First dissemination of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

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