UPDATE: RBC Capital Upgrades Groupon
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
|Sep 2014||RBC Capital||Upgrades||Underperform||Sector Perform|
|Aug 2014||Credit Suisse||Maintains||Neutral|
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