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UPDATE: Hudson Square Research Downgrades Groupon to Hold, Reiterates $12 PT

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Mid-Afternoon Market Update: Crude Oil Down 1.7%; Groupon Shares Climb On Upbeat Results
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Groupon: Back On Track (Seeking Alpha)

In a report published Friday, Hudson Square Research downgraded its rating on Groupon (NASDAQ: GRPN) from Buy to Hold, and reiterated its $12.00 price target.

Hudson Square noted, “We downgrade Groupon from Buy to Hold not because 3Q revenues fell short of expectations (earnings actually beat our forecast), but because we believe the aggressive push into direct sales creates 1) operational risks 2) lower margins, and 3) the potential for merchant partner conflict.”

Groupon closed on Thursday at $3.92.

Latest Ratings for GRPN

DateFirmActionFromTo
Jul 2016Credit SuisseMaintainsNeutral
Jul 2016Morgan StanleyMaintainsEqual-weight
Jul 2016Goldman SachsMaintainsNeutral

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Posted-In: Hudson Square ResearchAnalyst Color Downgrades Analyst Ratings

 

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