Market Overview

UPDATE: Bank of America Merrill Lynch Reiterates Neutral Rating, Lowers PT on Groupon

Share:
Related GRPN
15 Biggest Mid-Day Losers For Wednesday
15 Stocks To Watch For May 3, 2017

In a report published Friday, Bank of America Merrill Lynch reiterated its Neutral rating on Groupon (NASDAQ: GRPN), but lowered its price target from $8.00 to $4.50.

BofA Merrill Lynch noted, “Groupon is an investment on several positive Internet industry growth trends including the migration of local commerce to online channels and growth in usage of mobile devices and apps. While we remain constructive on the local deals opportunity, we believe the stock could trade at a discount to peers on a P/E/G ratio due to model unpredictability and the negative sentiment impact from recent accounting restatements.”

Groupon closed on Thursday at $3.92.

Latest Ratings for GRPN

DateFirmActionFromTo
Apr 2017Morgan StanleyDowngradesUnderweight
Mar 2017BarclaysInitiates Coverage OnUnderweight
Mar 2017CitigroupInitiates Coverage OnNeutral

View More Analyst Ratings for GRPN
View the Latest Analyst Ratings

Posted-In: Bank of America Merrill LynchAnalyst Color Price Target Analyst Ratings

 

Related Articles (GRPN)

View Comments and Join the Discussion!