RBC Capital upgraded Groupon GRPN to sector perform from underperform. They also upped the price target to $6 from $5.
RBC Capital analyst Mark Mahaney thinks the valuation following the recent correction makes GRPN shares more reasonably valued. In addition, Mr. Mahaney points to the progress Groupon has madein the mobile space.
Shares of GRPN are trading up 2.5% at 6.98, nearly 16 percent higher than the RBC Capital price target.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: News
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in