Groupon Inc. (GRPN)

[FUNMAN]

Groupon CTO change to help with next phase of turnaround, says DA Davidson DA Davidson analyst Tom Forte says the appointment of Colin Bodell as the new Chief Technology Officer of Groupon rounds out a "talented group" of managers under CEO Rich Williams. Forte says this team will help lead the next phase of the company's turnaround as it seeks to preserve the strength of its North America operations and boosts its international efforts. The analyst also expects the team to tackle the buildout of Groupon+ which links consumer credit cards to speed up payments and begin offering products and services at full prices. Forte keeps his Buy rating on Groupon and raises his price target higher to $7.50 from $6.50.