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Fly News Breaks for July 26, 2018
GRUB
Jul 26, 2018 | 08:20 EDT
DA Davidson analyst Tom Forte raised his price target on GrubHub to $115, saying its operating results for Q2 were impressive given that it is typically one of the seasonally slower periods. Forte adds that since the LevelUp transaction has not closed, he is not including it in his model yet. The analyst also keeps his Neutral rating on GrubHub, noting that he continues to "struggle" with valuation on the stock, particularly after the 23.5% surge in shares afterhours following the earnings release.
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