UPDATE: Morgan Stanley Downgrades GrubHub Inc. (GRUB) to Equalweight
(updated to add analyst comment)
Morgan Stanley downgraded GrubHub Inc. (NYSE: GRUB) from Overweight to Equalweight with a price target of $100.00.
Analyst Brian Nowak comments "GRUB has been the best performer in our group since Jan 1 '17, appreciating 175%. We are still bullish on GRUB's business given its competitive positioning and large TAM but now see the stock as fairly valued."
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 $103.72 yesterday.