The Just Eat Takeaway.com (TKWY) team can execute, we know that. If it can advance broader financial and strategic communication and continue with what it does best – ‘execution’ in the UK, Germany and the United States, to name three critical geographies – the equity may once again perform. M&A prospects afford investors some downside protection. We initiate with an ‘Outperform’ rating and a price target of €61.
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Warning: The value of your investment may go down as well as up and you may lose some or all of the money you invest. Past performance is not a reliable guide to future performance. Investments denominated in a currency other than your base currency may be affected by changes in currency exchange rates.
Davy Select is designed for investors who are comfortable making their own investment decisions, without financial advice; this is known as “execution-only”. Execution-Only is not for everyone. You should ensure that you fully understand any investment and the associated risks before making a decision to invest. Alternatively, Davy can arrange for you to open a different type of account, where we can advise you in relation to investment decisions, or where we can manage investments on your behalf.
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J & E Davy Unlimited Company, trading as Davy and Davy Select, is regulated by the Central Bank of Ireland.