B. Riley Raises Groupon to Neutral (GRPN)
GRPN has been the subject of a number of other recent research reports. Analysts at Evercore Partners upgraded shares of Groupon from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, April 23rd. Separately, analysts at Ascendiant Capital Markets cut their price target on shares of Groupon from $14.00 to $11.00 in a research note to investors on Tuesday, April 17th. They now have a “sell” rating on the stock. Finally, analysts at SunTrust (NYSE: STI) initiated coverage on shares of Groupon in a research note to investors on Thursday, April 12nd. They set a “neutral” rating on the stock.
Groupon traded down 1.82% on Monday, hitting $10.27. Groupon has a 1-year low of $9.82 and a 1-year high of $31.14. The company’s market cap is $6.622 billion.
Groupon, Inc. (Groupon) is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount.