Online restaurant takeout service GrubHub receives its first analyst initiations on Thursday. Firms including Citigroup and Canaccord Genuity initiated coverage with Buy ratings and $40 price targets. William Blair and BMO Capital Markets initiated coverage with Outperform ratings, with BMO issuing a $40 price target as well. BMO Capital Markets cited GrubHub's attractive business model, the increase in mobile interactions, its industry leadership and revenue growth potential as catalysts.
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GRUB, MS, C