Evercore ISI Upgrades Groupon, Inc. (GRPN) to Hold

Evercore ISI upgraded Groupon, Inc. (NASDAQ: GRPN) from Sell to Hold with a price target of $8.00 (from $6.50).

Analyst Ken Sena commented, "This note revisits our SELL thesis on Groupon in the context of improvement we are seeing ahead of their February 12th earnings report. Specifically, minutes-per-user has inflected positive for the third consecutive quarter, reflecting a combination of product enhancements and seller initiatives. Factoring this engagement improvement, coupled with expected proceeds from a partial TMON sale, lead us to step to the sidelines on shares, where our target price moves to $8 (from $6.50). We note that proceeds from TMON account for about $0.50 of this increase."

For an analyst ratings summary and ratings history on Groupon, Inc. click here. For more ratings news on Groupon, Inc. click here.

Shares of Groupon, Inc. closed at $7.37 yesterday.

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