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Fly News Breaks for February 7, 2020
GRUB
Feb 7, 2020 | 06:52 EDT
Stifel analyst John Egbert trimmed his FY20 revenue and adjusted EBITDA estimates for Grubhub slightly based on management's outlook and additional commentary. However, he said he is "incrementally optimistic" that Grubhub can exit the year with double-digit year-over-year growth across most of its key metrics given the company's progress and he raised his price target on the stock to $50 from $40. Egbert keeps a Hold rating on Grubhub shares as he waits for further evidence of execution.
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