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Cannacord has cut its rating from “buy” to “hold”, with the target price falling from 1,165p to 1,070p. The broker believes that the value from US speciality will come through after a forecast period, while its present value depends mainly on margin, long-term growth, and discount rate.
Jeffries has initiated “buy” in its current rating system with a target price of 450p. The broker believes that Just Eat addresses a growing market with a leading brand and best-in-class technology, its key risks being business continuity, data integrity and competitive disruption.