DA Davidson analyst Tom Forte keeps his Buy rating and $100 price target on GrubHub (GRUB), saying investors should take advantage of yesterday's 5% decline in the stock price on reports of a short position by Kynikos Associates' Jim Chanos. The analyst notes that the company still "does a great job" with less expensive offerings, even though his experience with Uber Eats (UBER) suggests that its service is "superior". Forte further points to GrubHub's upcoming catalysts, which include improving profitability for the remainder of FY19, efforts to advance its "first-party restaurant delivery initiative", and the greater than expected contribution from its recent acquisitions.

Jefferies raised the firm's price target on Uber to $103 from $100 and keeps a Buy rating on the shares. Results should display continued focus on using non-core investments to drive elevated GBV growth, though avoiding a material drop in incremental margins is key to keep investors positive, the analyst tells investors in a preview note for the U.S. Internet group.