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GRPN

Groupon

$3.76

-0.04 (-1.05%)

, GRUB

GrubHub

$46.10

-0.5353 (-1.15%)

16:12
07/31/17
07/31
16:12
07/31/17
16:12

Groupon and GrubHub partner for food delivery services

Groupon (GRPN) and Grubhub (GRUB) announced a strategic partnership to bring food delivery to Groupon customers throughout the U.S. As part of the deal, Groupon and Grubhub have entered into a commercial agreement that will allow Groupon to provide users with the ability to order food delivery from Grubhub's 55,000 restaurant partners via the Groupon platform and is expected to enable people to redeem Groupon deals when they order Grubhub delivery via Groupon. In addition to the commercial agreement, Grubhub is acquiring certain assets in 27 company-owned OrderUp food delivery markets from Groupon. Grubhub will also power food ordering and delivery for the company's Groupon To Go markets. Terms of the agreements were not disclosed.

GRPN

Groupon

$3.76

-0.04 (-1.05%)

GRUB

GrubHub

$46.10

-0.5353 (-1.15%)

  • 02

    Aug

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    Aug

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    Aug

GRPN Groupon
$3.76

-0.04 (-1.05%)

06/29/17
RILY
06/29/17
UPGRADE
Target $5.5
RILY
Buy
Groupon upgraded to Buy from Neutral at B. Riley
B. Riley analyst Sameet Sinha upgraded Groupon to Buy and raised his price target for the shares to $5.50 from $4.20. The analyst expects increased marketing spend to balance profitability and new customer growth. He also believes Groupon's international operations could be $1-plus per share in a sale.
06/29/17
06/29/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Groupon (GRPN) upgraded to Buy from Neutral at B. Riley with analyst Sameet Sinha saying he expects increased marketing spend to balance profitability and new customer growth. 2. General Electric (GE) upgraded to Hold from Sell at Standpoint Research with analyst Ronnie Moas citing the recent underperformance of the shares. The analyst sees fair value for the shares at $24 and thinks the stock will reach that level in a market correction. 3. Icon (ICLR) upgraded to Buy from Hold at Jefferies with analyst David Windley saying the shares continue to trade at a group discount. 4. Provident Financial (PFS) upgraded to Buy from Hold at Sandler O'Neill with analyst Mark Fitzgibbon citing year-to-date underperformance saying valuation is attractive. 5. Chart Industries (GTLS) upgraded to Buy from Hold at Johnson Rice. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/21/17
BOFA
07/21/17
INITIATION
Target $3.5
BOFA
Underperform
Groupon reinstated with an Underperform at BofA/Merrill
BofA/Merrill analyst Akshay Bhatia reinstated Groupon with an Underperform $3.50 telling investors it will likely struggle to drive sustainable and profitable growth given increasing marketing spend and difficult customer retention trends and said inconsistent revenue trends and limited operating leverage deserve a discounted valuation.
07/21/17
07/21/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Groupon (GRPN) reinstated with an Underperform at BofA/Merrill. 2. LSC Communications (LKSD) initiated with a Neutral at JPMorgan. 3. Cars.com (CARS) initiated with a Hold at Craig-Hallum. 4. Rexnord (RXN) initiated with a Buy at Janney Capital. 5. Duluth Holdings (DLTH) initiated with a Buy at DA Davidson. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
GRUB GrubHub
$46.10

-0.5353 (-1.15%)

07/12/17
COWN
07/12/17
UPGRADE
COWN
Outperform
GrubHub upgraded to Outperform from Market Perform at Cowen
07/12/17
COWN
07/12/17
UPGRADE
Target $54
COWN
Outperform
GrubHub upgraded to Outperform at Cowen
As reported previously, Cowen analyst Thomas Champion upgraded GrubHub to Outperform from Market Perform in anticipation of its new delivery industry model and encouraging data from Cowen's proprietary consumer delivery survey. The analyst sees GrubHub as an industry leader in an improving market, which should drive its revenue forecasts higher over the next five years. Champion maintained his $54 price target on GrubHub shares.
07/12/17
07/12/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Nvidia (NVDA) upgraded to Buy from Hold at SunTrust with analyst William Stein saying he thinks most of the company's segments can deliver stronger than expected financial results. 2. Westpac Banking (WBK) upgraded to Buy from Neutral at Goldman Sachs. 3. GrubHub (GRUB) upgraded to Outperform from Market Perform at Cowen with analyst Thomas Champion citing anticipation of its new delivery industry model and encouraging data from Cowen's proprietary consumer delivery survey. 4. Durect (DRRX) upgraded to Buy from Hold at Stifel with analyst Adam Walsh saying he predicts the stock will rise over the next 12-18 months. 5. Zimmer Biomet (ZBH) upgraded to Buy from Neutral at Guggenheim with analyst Chris Pasquale saying the resignation of the company's Chief Executive Officer indicates that it is willing to consider a needed shift in strategy. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/17/17
ROTH
07/17/17
NO CHANGE
Target $55
ROTH
Buy
GrubHub price target raised to $55 from $47 at Roth Capital
Roth Capital analyst Darren Aftahi raised his price target for GrubHub (GRUB) to $55 from $47 saying that despite Amazon's (AMZN) expansion into restaurant delivery, near-term risk may be overstated as only about 3.8% of his survey respondents use it in comparison to the former's 20.3% response rate. The analyst reiterates a Buy rating on the shares.

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XOP

SPDR Oil Exploration and Production Fund

$34.83

0.525 (1.53%)

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TSLA

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