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.
Latest Ratings for GRPN
|Feb 2016||Deutsche Bank||Maintains||Buy|
|Nov 2015||Brean Capital||Maintains||Buy|
|Nov 2015||Piper Jaffray||Downgrades||Overweight||Neutral|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.