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Monday, 10/16/2017 12:06:17 PM

Monday, October 16, 2017 12:06:17 PM

Post# of 4301
Groupon Inc: Dealing an "attractive" hand

Reuters | Oct 16, 2017, 16:01 IST

** Daily deals website operator's shares up 4 pct at $4.83 premarket, after falling for four sessions in a row
** Cowen & Co upgrades stock to "market perform" from "underperform" and raises PT to $5.50 from $3.50
** GRPN shares look more attractive, driven by improved North American Local results, new product initiatives and balanced expectations for the second half of 2017 - analyst Thomas Champion
** GRPN is improving with the move to voucher-less and the rollout of Groupon+ and BeautyNow - Champion
** Management deserves credit for pursuing a sensible strategy of simplifying the geographic footprint and focusing on gross profit - Champion
** 4 of 17 brokerages rate the stock "buy" or higher, 8 "hold" and 5 "sell"; their median PT is $4.70
** Up to Friday's close, stock up ~40 pct YTD (Reporting by Supantha Mukherjee; Editing by Bernard Orr)
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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