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Fly News Breaks for February 7, 2020
GRUB
Feb 7, 2020 | 08:55 EDT
Canaccord analyst Maria Ripps raised her price target on GrubHub to $65 from $55 following strong Q4 results. The analyst said its strategy of expanding restaurant inventory and loyalty offering have helped support stabilizing order trends. She said the company guidance indicates the order trends are indeed improving. Ripps reiterated her Buy rating on GrubHub shares.