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UPDATE: RBC Capital Upgrades Groupon

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RBC Downgrades Groupon To Underperform, Cites 'Deteriorating Fundamentals'

RBC Capital upgraded Groupon (NASDAQ: GRPN) from Underperform to Sector Perform, raising the price target from 45 to $6.

Analyst Mark Mahaney thinks the valuation following the recent correction makes Groupon more reasonably valued. Mahaney also points to the progress Groupon has made in the mobile space.

Shares of Groupon traded recently at $7.00, up 2.9 percent.

Latest Ratings for GRPN

DateFirmActionFromTo
May 2016RBC CapitalDowngradesSector PerformUnderperform
Apr 2016MacquarieMaintainsOutperform
Mar 2016UBSDowngradesNeutralSell

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View the Latest Analyst Ratings

Posted-In: Mark Mahaney RBC CapitalAnalyst Color Upgrades Price Target Analyst Ratings Movers

 

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