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Fly News Breaks for September 6, 2017
YELP, GRUB
Sep 6, 2017 | 07:18 EDT
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.
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