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Fly News Breaks for February 28, 2020
GRUB
Feb 28, 2020 | 06:15 EDT
KeyBanc analyst Edward Yruma initiated coverage of GrubHub with a Sector Weight rating and no price target. The analyst says that while GrubHub likely has the most absolute upside potential in the Marketplaces space, he awaits a "more benign" promotional environment before looking to adopt a more constructive stance. He believes profitability growth, not revenue growth, will be the driver of stock performance in the Marketplaces category.
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