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UPDATE: Sterne Agee Upgrades Groupon to Buy; Risks Largely Priced In

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Sterne Agee upgraded Groupon (NASDAQ: GRPN) from Neutral to Buy and announced a $9.00 price target.

Sterne Agee said, "This is an out-of-consensus upgrade predicated on a more constructive longer-term view of the company and is not a call on the company's upcoming 4Q results. We recognize that meaningful risks remain, the stock will be volatile and we may be a bit early. However, we believe the risks are well known and largely priced in. The stock is trading at ~an 80%/60% discount to its peers based on 2014E EV/Sales and EV/EBITDA bases, respectively."

Groupon closed at $5.29 on Tuesday and is up seven percent pre-market on this news.

Latest Ratings for GRPN

DateFirmActionFromTo
Mar 2015WunderlichUpgradesHoldBuy
Feb 2015Morgan StanleyInitiates Coverage onEqualweight
Feb 2015Deutsche BankMaintainsBuy

View More Analyst Ratings for GRPN
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Upgrades Analyst Ratings

 

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