Groupon (GRPN) Quiet Period Ends, Analysts Largely 'Ho-Hum'

Following expiration of its quiet-period, Groupon (Nasdaq: GRPN) is getting mixed reviews from analysts.

At a Buy or Buy-equivalent rating:

• BofA/Merrill Lynch at Buy
  
• Goldman Sachs at Buy;
  
• Wells Fargo at Outperform;
  
• Barclays at Overweight; and
  
• Willaim Blair at Outperform.

Those at Neutral or Neutral--equivalent rating:

• Janney at Neutral;
  
• Morgan Stanley at Equalweight;
  
• Deutsche Bank at Hold;
  
• Credit Suisse at Neutral;
  
• Citi at Neutral
  
• JPMorgan at Neutral; and
  
• RBC Capital at Sector Perform.

For reference, here's a list of underwriters on the deal: Morgan Stanley, Goldman Sachs, Credit Suisse, Allen & Co., BofA/Merrill Lynch, Barclays Capital, Citigroup, Deutsche Bank, J.P. Morgan, Wells Fargo, William Blair, Loop Capital Markets, RBC Capital, and The Williams Capital Group.

So, overall there were 12 calls Wednesday, and 5 were at Buy, according to data at Ratings Insider. The average price target on the stock is $25.33, suggesting 14.8 percent upside.

At $22.46, the stock is down nearly 20 percent from it's IPO price of $28. But hitting a low of $14.85 -- down 47 percent from the IPO -- and competitors like Google (Nasdaq: GOOG) and LiveSocial swooping in, who knows what's in store from Groupon moving forward.

The stock is 3.6 percent lower in early trading.

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