FRANKFURT (dpa-AFX) - Shares in Delivery Hero slid to the bottom of the MDax hierarchy on Monday. They recently lost more than three percent, slightly more than other online stocks that often move in a similar direction. At the same time, Zalando lost 1.8 percent and Hellofresh 2.6 percent. Internationally, Just Eat Takeaway and Deliveroo fell by up to two percent on the stock markets in Amsterdam and London.

Bank of America commented on Delivery Hero: analyst Adam Gildea resumed his "underperform" rating. This makes him more pessimistic about the German food delivery company than he is about Just Eat and Deliveroo, for which he has issued strong buy recommendations. His target price for Delivery Hero is 26 euros, which is below the current level of 28.50 euros.

The expert sees growing risks for Delivery Hero in three important markets, including Korea, due to increasing competition from local competitor Coupang. He also mentioned the entry of Chinese provider Meituan into the Middle East and North Africa region, as well as rising costs for delivery in Spain.