Grubhub Price Target Raised On Optimism Over Yum Brands Deal

Grubhub (GRUB) received a price-target increase Thursday on a view that its new partnership with fast-food behemoth Yum Brands (YUM) could make it the dominant player in major U.S. metropolitan markets for online ordering and food delivery services.

X KeyBanc Capital Markets analyst Brad Erickson raised his price target on Grubhub to 115, from 105, a premium of 17% from where the stock currently trades. Grubhub shares rose 0.8%, near 98.30 during morning trading on the stock market today.


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