Zomato Ltd has outpaced gains in all the world’s major delivery stocks over the past year, sending analysts scrambling to boost their outlooks for the Indian company as its profitability improves.Price target upgrades for Zomato in the past 12 months exceed those for all other stocks in a Bloomberg Intelligence gauge of global ride sharing and delivery peers. At least five brokerages have lifted their estimates for the shares in just the past few weeks, including Citigroup Inc and HSBC Holdings... Read this story
