Market Overview

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

Share:
Related GRPN
A Bunch Of Economic Data Points Are Coming Out Next Week
The Wall Street Research Making Waves Today
The Zacks Analyst Blog Highlights: Amazon.com, Expedia, PetMed Express and Groupon - Press Releases (Zacks)

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
Jul 2015MacquarieUpgradesNeutralOutperform
Jun 2015Topeka CapitalInitiates Coverage onHold
Jun 2015Deutsche BankReinstatesBuy

View More Analyst Ratings for GRPN
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Upgrades Analyst Ratings

 

Related Articles (GRPN)

Get Benzinga's Newsletters