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JP Morgan Cazenove begins covering the takeaway delivery service with an “overweight” rating and a price target of 290p. The broker likes the look of Just Eat’s sales growth potential, with high barriers to entry for rivals and a successful management team.
Barclays has an “equalweight” rating on the drinks firm and a target of 3,250p ahead of full-year results on 22 May. While the broker expects currency movements to hold back global growth, it believes SABMiller could have cut costs to offset the effects of exchange rates.