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YELP

Yelp

$43.04

0.06 (0.14%)

, GRUB

GrubHub

$56.30

0.24 (0.43%)

07:22
09/06/17
09/06
07:22
09/06/17
07:22

KeyBanc remains a buyer of Yelp

KeyBanc analyst Brad Erickson raised his price target for Yelp to $54 from $50 after conversations with both Yelp (YELP) and GrubHub (GRUB), given his increased confidence in the benefits of the partnership. The analyst views Yelp's role in online food ordering as incrementally more sustainable and has higher conviction that core local ad forecasts remain conservative, which is still not reflected in the stock. Erickson remains a buyer of Yelp and reiterates an Overweight rating on its stock.

YELP

Yelp

$43.04

0.06 (0.14%)

GRUB

GrubHub

$56.30

0.24 (0.43%)

  • 06

    Sep

YELP Yelp
$43.04

0.06 (0.14%)

09/06/17
KEYB
09/06/17
NO CHANGE
Target $62
KEYB
Overweight
GrubHub price target raised to $62 from $56 at KeyBanc
KeyBanc analyst Brad Erickson raised his price target for GrubHub (GRUB) to $62 from $56 after talking with both the company and Yelp (YELP) as he is now incrementally more confident in the partnership's benefits for GrubHub. Though initial profitability from the deal is now better reflected in the shares, the analyst remains persuaded there is wall of worry surrounding the sustainability of GrubHub's growth and reiterates an Overweight rating on the stock.
08/04/17
08/04/17
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. GoPro (GPRO) was upgraded to Neutral from Underperform at Longbow and to Market Perform from Underperform at Raymond James. 2. Yelp (YELP) was upgraded to Buy from Neutral at MKM Partners and to Neutral from Sell at Roth Capital. 3. Synaptics (SYNA) upgraded to Buy from Hold at Craig-Hallum with analyst Anthony Stoss saying he expects to see substantial TDDI volume increases in fiscal 2018 and believes its optical fingerprint sensor should be a strong growth driver. 4. Activision Blizzard (ATVI) upgraded to Buy from Neutral at BofA/Merrill with analyst Justin Post citing the solid second quarter beat on strong digital content. 5. Arista Networks (ANET) was upgraded to Overweight from Neutral at JPMorgan and to Outperform from Market Perform at William Blair. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/04/17
WEDB
08/04/17
NO CHANGE
WEDB
GrubHub deal kills bear thesis, says Wedbush
Wedbush analyst Aaron Turner says that GrubHub's (GRUB) deal with Yelp (YELP) renders the bear thesis on GrubHub "moot." The analyst explains that GrubHub's acquisition of Yelp's Eat 24 creates an entity that is so dominant that it will make competition in the space a non-factor for GrubHub. The analyst raised his price target on GrubHub to $55 from $50 and keeps an Outperform rating on the stock.
08/04/17
ROTH
08/04/17
UPGRADE
Target $35
ROTH
Neutral
Yelp upgraded to Neutral from Sell at Roth Capital
Roth Capital analyst Darren Aftahi said the positives to Yelp (YELP) from its newly-announced Grubhub (GRUB) partnership, combined with its share repurchase option, are "too hard to ignore" in the near-term, prompting him to upgrade Yelp to Neutral from Sell. Aftahi raised his price target on Yelp to $35 from $21, though he still thinks the company will need to continue to increase its sales force productivity and retargeting efforts to keep its customers.
GRUB GrubHub
$56.30

0.24 (0.43%)

08/24/17
OPCO
08/24/17
NO CHANGE
Target $60
OPCO
Outperform
GrubHub price target raised to $60 from $52 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for GrubHub to $60 from $52 on pro forma analysis of recently announced acquisitions. The analyst estimates acquisitions will be 17% accretive to 2019 GFS, 14% accretive to 2019 revenue and 18% accretive to 2019 EBITDA. The analyst reiterates an Outperform rating on the shares.
08/07/17
08/07/17
UPGRADE
Target $59

Overweight
GrubHub upgraded to Overweight on earnings power at Morgan Stanley
As previously reported, Morgan Stanley upgraded GrubHub to Overweight from Equal Weight and raised its price target to $59 from $43. Analyst Brian Nowak said GrubHub is building a larger ecosystem with its 3 recently proposed acquisitions which will generate high incremental EBITDA, extend its size, and better enable the company to scale profitably and drive online delivery. Nowak is bullish on GrubHub's long-term earnings power and competitive position given its scale advantage and user base growth.
08/07/17
MSCO
08/07/17
UPGRADE
MSCO
Overweight
GrubHub upgraded to Overweight from Equal Weight at Morgan Stanley

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DE

Deere

$145.25

6.02 (4.32%)

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TSLA

Tesla

$312.60

-5.21 (-1.64%)

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  • 16

    Jan

TSLA

Tesla

$312.60

-5.21 (-1.64%)

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  • 16

    Jan

GSK

GlaxoSmithKline

$35.06

0.25 (0.72%)

, INVA

Innoviva

$13.42

0.01 (0.07%)

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GSK

GlaxoSmithKline

$35.06

0.25 (0.72%)

INVA

Innoviva

$13.42

0.01 (0.07%)

03/08/13
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SVM

Silvercorp Metals

$2.51

-0.07 (-2.71%)

07:52
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Silvercorp Metals to buy back up to 5% of shares »

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CEL

Cellcom Israel

$10.00

-0.1 (-0.99%)

07:49
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Cellcom Israel now second layer company according to Concentration Law »

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GASS

StealthGas

$4.07

0.36 (9.70%)

07:06
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CPRT

Copart

$41.01

4.31 (11.74%)

07:02
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  • 19

    Dec

DE

Deere

$145.25

6.02 (4.32%)

06:56
11/23/17
11/23
06:56
11/23/17
06:56
Upgrade
Deere rating change at Deutsche Bank »

Deere upgraded to Buy…

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  • 28

    Nov

DE

Deere

$145.25

6.02 (4.32%)

06:55
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  • 28

    Nov

06:40
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FX Update: The dollar has remained on a weakening track »

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SECO

Seeco Holding

$8.34

0.14 (1.71%)

04:55
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Conference/Events
Seeco Holding management to meet with Jefferies »

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  • 23

    Nov

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BASFY

BASF

$27.39

-0.13 (-0.47%)

04:55
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Conference/Events
BASF management to meet with Evercore ISI »

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  • 23

    Nov

  • 24

    Nov

RBS

RBS

$7.30

-0.04 (-0.54%)

04:55
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Conference/Events
RBS management to meet with Jefferies »

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  • 23

    Nov

  • 24

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L

Loews

$49.36

-0.02 (-0.04%)

, GE

General Electric

$18.15

0.32 (1.79%)

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L

Loews

$49.36

-0.02 (-0.04%)

GE

General Electric

$18.15

0.32 (1.79%)

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BRFS

BRF S.A.

$12.77

-0.16 (-1.24%)

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SU

Suncor

$35.42

0.2 (0.57%)

18:02
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  • 05

    Dec

SAP

SAP

$113.85

-1.44 (-1.25%)

17:53
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Periodicals
SAP launches investigation of sales practices in Gulf region, Reuters reports »

SAP has launched a formal…

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