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UPDATE: Groupon Up Over 6 Percent on Sterne Agee Upgrade

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UPDATE: Groupon Up Over 6 Percent on Sterne Agee Upgrade
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Groupon (NASDAQ: GRPN) is up over 6.5 percent in pre-market trading as Sterne Agee upgraded the daily deal site earlier Wednesday morning.

Sterne Agee believed that Groupon's shares are valued at a significant disount to its peers based on 2014E EV/Sales and EV/EBITDA.

The company is scheduled to report earnings on February 27. Analysts expect a solid report on strong anticipated results from the company's Groupon Goods division during this past holiday season.

At last check, Groupon is trading at 5.65, $0.36 above Tuesday's close.

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: Sterne AgeeAnalyst Color Upgrades Hot Analyst Ratings Best of Benzinga

 

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