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UPDATE: Citi Upgrades Groupon; Lowers PT

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The Vetr community has upgraded $GRPN to 4.5-Stars. (Vetr)

According to a research report published this morning, Citi has upgraded Groupon (NASDAQ: GRPN) from Neutral to Buy, and lowered PT from $24 to $22.

In the report, Citi commented, "Revenue of $559MM beat our/Street ests of $537MM/$531MM. CSOI (Consolidated Segment Operating Income) of $68MM beat our $65MM est. due to significant Marketing leverage, while Non-GAAP EPS of $0.02 was above our $0.01 estimate. Q2 Midpoint Revenue Guide of $570MM was above our $560MM estimate, but Midpoint CSOI of $70MM was in-line with our estimate."

Groupon closed yesterday at $11.74.

Latest Ratings for GRPN

DateFirmActionFromTo
Jul 2016Piper JaffrayUpgradesNeutralOverweight
Jun 2016Maxim GroupInitiates Coverage onBuy
May 2016RBC CapitalDowngradesSector PerformUnderperform

View More Analyst Ratings for GRPN
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Posted-In: CitiAnalyst Color Upgrades Price Target Analyst Ratings

 

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