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Fly News Breaks for April 7, 2015
GRUB
Apr 7, 2015 | 08:35 EDT
William Blair believes GrubHub's total addressable market has the opportunity to potentially double over the longer term since the company currently excludes restaurant chains from its total addressable market calculation. The firm thinks some chains are beginning to use online ordering platforms, making the company's addressable market potentially too low. It keeps an Outperform rating on the stock.
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