FRANKFURT (dpa-AFX) - A positive assessment by Morgan Stanley of food delivery services is driving Delivery Hero's shares significantly higher on Thursday. In pre-market trading on Tradegate, the shares gained 3.3 percent to 30.34 euros compared to the Xetra close.

They have now recovered around a quarter of their significant losses since the end of October. The recovery that began at the end of 2024 is starting to take hold, and the chart picture is brightening. The share price is trading just above the 21-day line for the short-term trend and above the 200-day line for the longer-term trend.

Morgan Stanley analyst Ed Young considers food delivery services to be the preferred sub-sector in the internet sector. His top pick is Delivery Hero subsidiary Talabat. He has given Delivery Hero an overweight rating. Investors could benefit particularly from the Talabat subsidiary here, although he sees even more opportunities for Talabat itself./ajx/jha/