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Fly News Breaks for October 13, 2016
GRUB
Oct 13, 2016 | 06:51 EDT
BofA/Merrill analyst Nat Schindler upgraded GrubHub to Buy and raised its price target to $46 from $40 based on expectations 2H 2016 gross food sales growth and take rate will accelerate. Schindler raised Q3 and Q4 estimates above management's guidance resulting in a FY17 earnings estimate of $1.15, versus consensus of $1.09.
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