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Fly News Breaks for August 15, 2016
GRUB
Aug 15, 2016 | 09:00 EDT
Wedbush analyst Aaron Turner reports that comScore data indicated that GrubHub's July traffic was "roughly in-line" with the company's May and June levels. The analyst says that this data was "solid," and shows that seasonality may have less of an impact on the company than anticipated. Turner remains upbeat on the company's outlook and reiterates a $47 price target and Outperform rating on the shares.
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