In a report published Monday, Barrington Research analyst Jeff Houston reiterated an Outperform rating on Groupon Inc GRPN, and raised the price target from $8.00 to $9.00.
In the report, Barrington Research noted, “We maintain our OUTPERFORM investment rating, speculative risk classification, but are increasing our price target to $9 from $8. Groupon is poised to continue reaccelerating growth and profitability given the aforementioned reasons as well as its recognizable brand and market share advantage.”
Groupon closed on Friday at $7.84.
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