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Fly News Breaks for July 12, 2017
GRUB
Jul 12, 2017 | 08:15 EDT
As reported previously, Cowen analyst Thomas Champion upgraded GrubHub to Outperform from Market Perform in anticipation of its new delivery industry model and encouraging data from Cowen's proprietary consumer delivery survey. The analyst sees GrubHub as an industry leader in an improving market, which should drive its revenue forecasts higher over the next five years. Champion maintained his $54 price target on GrubHub shares.
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