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Fly News Breaks for August 28, 2015
GRUB, ETSY
Aug 28, 2015 | 08:13 EDT
Brean Capital still considers Etsy (ETSY) a high quality growth stock, citing its long term growth potential from its efforts to exploit its platform through its Seller Services effort. Brean also considers GrubHub (GRUB) a high quality growth stock, as it argues that that the online restaurant delivery market will play out like the online travel market, with room for multiple winners. Brean Capital reiterated its $23 price target on Etsy shares and its $50 target on GrubHub shares, stating that now is the time for investors who can tolerate more risk to purchase shares of each. The firm keeps Buy ratings on both stocks.