Groupon (GRPN) Lower as Susquehanna Cuts PT to $12, Maintains Neutral

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Groupon, Inc. (Nasdaq: GRPN) shares are getting hit Monday following a move by Susquehanna earlier.

The firm cut its price target on Neutral-rated Groupon from $15 down to $12. The target is 12.9 percent premium to last Friday's closing price of $10.63.

Groupon is about 6.5 percent lower in morning trade.

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 $10.63 yesterday, with a 52 week range of $8.80-$31.14.

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