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July 25, 2014
08:29 EDTGRUBGrubHub reported very strong Q2 results, says Canaccord
Canaccord said GrubHub reported very strong Q2 results with every metric ahead of the firm's estimates, citing an increased take rate, increased Diner growth, and improved pricing of its Seamless platform. Canaccord raised its price target on GrubHub to $42 from $40 and keeps its Buy rating on the stock.
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