Market Overview

UPDATE: Morgan Stanley Upgrades Groupon to Overweight Rating and $14 Price Target

Share:
Related GRPN
Mid-Afternoon Market Update: Crude Oil Down 1.7%; Groupon Shares Climb On Upbeat Results
20 Biggest Mid-Day Gainers For Thursday
Groupon (GRPN) Richard Williams on Q2 2016 Results - Earnings Call Transcript (Seeking Alpha)

Morgan Stanley released a series of reports this morning, one of which is making a bullish call on Groupon (NASDAQ: GRPN), upgrading the stock from Equal-weight to Overweight and raised the price target from $11 to $14.

The report focused on the company's activities in North America, transitioning from a push model to a pull model, which is more in line with how consumers shop online. It went on to state that the upgrade does not take into account opportunities outside of Europe and North America, so this could give the bulls even more fuel to trade the name up.

Following the report, Groupon shares traded up 6.07 percent, breaking the key $10 level and bouncing off $11, resting at $10.92 at the time of this report.

Latest Ratings for GRPN

DateFirmActionFromTo
Jul 2016Credit SuisseMaintainsNeutral
Jul 2016Morgan StanleyMaintainsEqual-weight
Jul 2016Goldman SachsMaintainsNeutral

View More Analyst Ratings for GRPN
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color News Upgrades Analyst Ratings

 

Related Articles (GRPN)

View Comments and Join the Discussion!