Stifel says Delivery Hero results unlikely to prompt Uber offer upgrade
Stifel’s Clement Genelot wrote that Delivery Hero’s robust second-quarter results are unlikely to drive an upgrade to Uber’s bid.
Delivery Hero's robust second-quarter results are unlikely to drive an upgrade to Uber's bid, Stifel's Clement Genelot writes in a note.
The German food-delivery company showed its ability to revive growth across all its regions, he says.
Additionally, the "reinvestment plan in the Middle East is l…