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Fly News Breaks for August 4, 2017
GRUB
Aug 4, 2017 | 08:40 EDT
JMP Securities analyst Ronald Josey says that GrubHub's (GRUB) deals with Yelp (YELP) and Groupon (GRPN) can significantly accelerate the growth of online food ordering. The analyst recommends buying GrubHub's shares on further weakness as he thinks the deals can significantly boost its results. He increased his price target on the shares to $50 from $47and keeps an Outperform rating.
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