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Fly News Breaks for October 28, 2015
GRUB
Oct 28, 2015 | 07:00 EDT
Northland analyst Jeff Houston says GrubHub's risk/reward is attractive following yesterday's 24% selloff. Houston admits the Q3 results were disappointing, but he views GrubHub as a takeout candidate and likes the company's restaurant-chain potential. He cut his price target for shares to $30 from $40 and keeps an Outperform rating on the name.
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