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Fly News Breaks for April 30, 2015
GRUB
Apr 30, 2015 | 08:15 EDT
After GrubHub reported better than expected Q1 results and in-line 2015 guidance, Oppenheimer thinks the company's delivery business will enable it to lock in restaurants as customers, giving it an advantage over the competition. The firm notes that building the delivery business requires upfront investment, but it keeps a $50 price target and Outperform rating on the shares.
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