Market Overview

UPDATE: Groupon Up Over 6 Percent on Sterne Agee Upgrade

Share:
UPDATE: Groupon Up Over 6 Percent on Sterne Agee Upgrade
Related GRPN
Brean's Forte: Buy Groupon On Valuation, Mobile Story
Chowdhry: Fitbit IPO Is 'Peak' For Company, Take Profits Now

Groupon (NASDAQ: GRPN) is up over 6.5 percent in pre-market trading as Sterne Agee upgraded the daily deal site earlier Wednesday morning.

Sterne Agee believed that Groupon's shares are valued at a significant disount to its peers based on 2014E EV/Sales and EV/EBITDA.

The company is scheduled to report earnings on February 27. Analysts expect a solid report on strong anticipated results from the company's Groupon Goods division during this past holiday season.

At last check, Groupon is trading at 5.65, $0.36 above Tuesday's close.

Latest Ratings for GRPN

DateFirmActionFromTo
Jun 2015Topeka CapitalInitiates Coverage onHold
Jun 2015Deutsche BankReinstatesBuy
Jun 2015B.RileyDowngradesBuyNeutral

View More Analyst Ratings for GRPN
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Upgrades Hot Analyst Ratings Best of Benzinga

 

Related Articles (GRPN)

Around the Web, We're Loving...

Get Benzinga's Newsletters