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UPDATE: Hudson Square Research Downgrades Groupon to Hold, Reiterates $12 PT

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Groupon Is Starting To Look Like A Better Deal

In a report published Friday, Hudson Square Research downgraded its rating on Groupon (NASDAQ: GRPN) from Buy to Hold, and reiterated its $12.00 price target.

Hudson Square noted, “We downgrade Groupon from Buy to Hold not because 3Q revenues fell short of expectations (earnings actually beat our forecast), but because we believe the aggressive push into direct sales creates 1) operational risks 2) lower margins, and 3) the potential for merchant partner conflict.”

Groupon closed on Thursday at $3.92.

Latest Ratings for GRPN

DateFirmActionFromTo
Oct 2017B. RileyMaintainsBuy
Oct 2017Gabelli & Co.Initiates Coverage OnBuy
Oct 2017Cowen & Co.UpgradesUnderperformMarket Perform

View More Analyst Ratings for GRPN
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Posted-In: Hudson Square ResearchAnalyst Color Downgrades Analyst Ratings

 

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