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Fly News Breaks for July 27, 2015
GRUB
Jul 27, 2015 | 09:54 EDT
Stifel believes the recent pullback in GrubHub due to increasing competitive concerns is an overreaction. The firm said GrubHub's scale remains unmatched and competitors are likely falling behind in gross food sales dollars. Stifel expects GrubHub to report a slight beat in a seasonally slower Q2 and for shares to react favorably. The firm rates GrubHub a Buy with a $52 price target on shares.
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