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Fly News Breaks for January 8, 2019
GRUB
Jan 8, 2019 | 07:04 EDT
Needham analyst Brad Erickson initiated GrubHub with a Hold rating, saying the company is going through a "rough patch" in spite of its position as one of the leaders in the $240B off-premise food delivery market. The analyst believes that an opportunity to buy this "high-quality franchise and management team" may come, but wants to see the perception of intensifying competition to be better reflected in the stock price.
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