UPDATE: Groupon Up Over 6 Percent on Sterne Agee Upgrade
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.
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