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Fly News Breaks for April 18, 2018
GRUB
Apr 18, 2018 | 07:27 EDT
As previously reported, Morgan Stanley analyst Brian Nowak downgraded GrubHub to Equal Weight from Overweight following the company's 175% advance since the start of 2017. While he is still bullish on GrubHub's competitive positioning and large addressable market, he now sees the shares as fairly valued. Nowak maintains a $100 price target on GrubHub shares.
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