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Fly News Breaks for January 21, 2016
GRUB
Jan 21, 2016 | 07:41 EDT
Cowen lowered its price target on GrubHub to $20 from $22 based on the competitive threat from Uber, which has announced its entry into the U.S. food delivery market. The firm believes this is a clear threat to GrubHub and noted the UberEATS app is the number one ranked food delivery app in Canada. Cowen maintained its Market Perform rating on GrubHub shares.
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