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GrubHub: Street May be Overestimating Acquisition Payoffs, Says Credit Suisse

GrubHub may take longer to see the benefits of its acquisitions, including the "Eat24" division of Yelp that it is buying, says Credit Suisse's Paul Bieber, prompting him to cut his rating on the stock to Hold, as shares already bake in a pricey multiple of next year's potential earnings.
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