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Fly News Breaks for April 13, 2015
GRUB
Apr 13, 2015 | 07:28 EDT
Canaccord sees the Q1 estimates for GrubHub as reasonable and believes there is good potential for share upside given the company's large opportunity and leading competitive position in its space. The firm noted there are several competing platforms, but almost none enjoy a significant audience of diners. Canaccord reiterated its Buy rating and $50 price target on GrubHub shares.
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