Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on Groupon

Share:
Related GRPN
Bank Of America Says Expectations For Groupon Are Still Too High
Benzinga's Option Alert Recap From July 18

In a report published Friday, Jefferies & Company reiterated its Hold rating on Groupon (NASDAQ: GRPN), but slightly lowered its price target from $4.75 to $4.00.

Jefferies noted, “Groupon reported a miss quarter which also included a benefit of $18.5MM for a 1x true-up of breakage (on tax ruling in Germany). Revenue growth of 32% Y/Y was driven by 81% Y/Y growth in North America, offsetting weak int'l growth (+3% Y/Y / +13% ex-FX) on macro-economic pressure in Europe and FX headwinds. While mgmt was cautiously optimistic on Europe, Q4 guidance disappointed on margin. We reiterate our Hold and lower PT to $4.”

Groupon closed on Thursday at $3.92.

Latest Ratings for GRPN

DateFirmActionFromTo
Jul 2017Bank of AmericaReinstatesUnderperformUnderperform
Jun 2017B. RileyUpgradesNeutralBuy
Apr 2017Morgan StanleyDowngradesUnderweight

View More Analyst Ratings for GRPN
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (GRPN)

View Comments and Join the Discussion!