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Fly News Breaks for May 2, 2019
GRUB
May 2, 2019 | 08:32 EDT
As previously reported, Argus analyst John Staszak downgraded GrubHub to Hold, also lowering his FY19 and FY20 EPS outlook by 10c to $1.70 and $2.40 respectively. The analyst believes that the company will see higher costs and margin pressure as it enters new markets and also warns that differentiation challenges relative to the emerging competition could slow its growth rate over the coming several years. Staszak lowers his 5-year earnings growth outlook to 20% from 25% prior.
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