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Fly News Breaks for January 2, 2019
GRUB
Jan 2, 2019 | 08:46 EDT
DA Davidson analyst Tom Forte kept his Buy rating and $120 price target on GrubHub while raising his FY19 EPS view to $1.69 from $1.60, saying the company's "heightened level of near-term operating expenses" should lead to long term growth. The analyst is positive on the company's investment to expand into new markets and gain new customers and expects it to "gain leverage on these drivers and new market expenses in the later half of 2019 and onward."
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