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Fly News Breaks for July 9, 2015
GRUB
Jul 9, 2015 | 07:48 EDT
Oppenheimer says the concerns about GrubHub's competition are overblown, given the high barriers of entry that its competitors face. The firm notes that Google Trends data for the company has been weak this quarter, but it does not believe that the data is an accurate indicator of the company's Q2 orders. Oppenheimer says that GrubHub has multiple means of increasing the number of orders it receives, and it keeps a $50 price target and Outperform rating on the shares.
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