Credit Suisse Upgrades GrubHub Inc. (GRUB) to Outperform

January 28, 2019 4:42 AM EST
Get Alerts GRUB Hot Sheet
Price: $15.40 --0%

Rating Summary:
    7 Buy, 31 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 6 | Down: 6 | New: 23
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(Updated - January 28, 2019 7:58 AM EST)

(updated to add analyst comments)

Credit Suisse analyst Stephen Ju upgraded GrubHub Inc. (NYSE: GRUB) from Neutral to Outperform with a price target of $130.00 (from $125.00).

Ju notes this is not a stock call around 4Q18 - they actually expect GRUB's initial EBITDA guidance to be below Street and brace for potentially a negative investor reaction - "but rather increased comfort around ROIC on recent initiatives, which we believe are accretive, opportunistic, and conducted from a position of strength. And we would use any potential pullback to either increase or initiate a position on GRUB shares."

For an analyst ratings summary and ratings history on GrubHub Inc. click here. For more ratings news on GrubHub Inc. click here.

Shares of GrubHub Inc. closed at $80.77 yesterday.

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