GrubHub Grabs Buy Ratings from Analysts Initiating Coverage
Online 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.
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.
