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Fly News Breaks for December 5, 2019
GRUB
Dec 5, 2019 | 07:26 EDT
Cowen analyst Thomas Champion said he is incrementally more cautious on GrubHub following his survey work which shows ordering from GrubHub only customers declining from 84% to 24%. The analyst sees this as an issue of overcapacity in the market and online delivery continues to need rationalization. Champion maintained his Market Perform rating and $36 price target on GrubHub shares.
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