NEW YORK (dpa-AFX) - The US bank JPMorgan has downgraded Hellofresh from "Overweight" to "Neutral" and lowered its price target from 8 to 7 euros. In addition, analyst Marcus Diebel gave the shares of the cooking box mail order company "Negative Catalyst Watch" status in his study published on Wednesday. He thus expressed his pessimism for the quarterly figures due in mid-August. According to his assessment, the North American ready meals business is still a long way from stabilizing. On the contrary, there is a threat of a further deterioration in the situation. Diebel believes that its operating earnings estimates (EBITDA) for 2024 and 2025 are below the market consensus./gl/ag

Publication of the original study: 14.05.2024 / 23:11 / BST First dissemination of the original study: 15.05.2024 / 00:15 / BST

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