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Fly News Breaks for February 7, 2020
GRUB
Feb 7, 2020 | 06:51 EDT
Mizuho analyst James Lee raised his price target for GrubHub to $50 from $45 while keeping a Neutral rating on the shares. The company reported a better than expected operational quarter with stabilized business versus reset expectations, driven by favorable weather and positive mix shift to delivery, Lee tells investors in a research note. However, GrubHub's EBITDA guidance for Q1 was below his expectations due to the ramping up of its sales force.
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