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Fly News Breaks for June 26, 2015
GRUB
Jun 26, 2015 | 07:55 EDT
Cowen lowered its price target on GrubHub to $42 from $45 based on competitive concerns. The firm noted the competitors are small, but they are setting up to break-out and are on track to capture 50% online order growth in 2015. Cowen maintained its Outperform rating on GrubHub shares.
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