Groupon (GRPN) Remains Buy at Goldman Sachs; Target Trimmed to $12

November 8, 2013 9:46 AM EST
Get Alerts GRPN Hot Sheet
Price: $3.45 -1.71%

Rating Summary:
    11 Buy, 20 Hold, 6 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Goldman Sachs maintained a Buy rating on Groupon, Inc. (NASDAQ: GRPN) and adjusted its price target to $12.00 (from $13.00). The change follows Q3 results that fell short of consensus.

Analyst Heath P. Terry said, "We continue to believe the opportunity in local is significant and Groupon's critical mass of users and merchants give it a meaningful advantage in addressing that opportunity. With the US business providing the roadmap for Int'l recovery, expectations conservative, and valuation relatively reasonable, we believe the risk/reward in owning GRPN remains favorable."

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 $9.50 yesterday.

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