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Fly News Breaks for May 31, 2018
GRUB
May 31, 2018 | 07:23 EDT
Canaccord analyst Maria Ripps assumed coverage on GrubHub with a Buy rating. She believes the company will benefit from a large addressable market, low penetration, and strong management team. She likes the company's aggressive and insightful move in the mass market over the past few years and sees strong structural tailwinds pointing to a longer period of growth. Ripps has a $130 price target on GrubHub shares.
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