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Fly News Breaks for September 10, 2019
GRUB
Sep 10, 2019 | 07:19 EDT
Cowen analyst Thomas Champion lowered his price target on GrubHub to $86 from $91 after lowering its EBITDA through 202 which may prove to be conservative. The analyst still sees GrubHub as potentially acquiring Waitr Holdings which would add sales and customers and said his checks suggest GrubHub may be the lowest cost delivery provider versus DoorDash, UberEats, Postmates, Delivery.com and Caviar. Champion reiterated his Outperform rating on GrubHub shares.
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