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.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
