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Fly News Breaks for October 17, 2019
MCD, GRUB
Oct 17, 2019 | 07:45 EDT
Cowen analyst Thomas Champion previewed Q3 results for GrubHub (GRUB) and believes its estimates look achievable. The analyst said recent stock action suggests many investors are in doubt but he believes the shares are oversold. Calling it an imperfect story, he expects updates on the Enterprise and new partner McDonald's (MCD), plus a discussion around Perks. Champion reiterated his Outperform rating and $86 price target on GrubHub shares.
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