Deutsche Bank Starts Groupon, Inc. (GRPN) at Hold

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December 14, 2011 6:51 AM EST
Get Alerts GRPN Hot Sheet
Price: $21.51 -2.14%

Rating Summary:
    14 Buy, 16 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Deutsche Bank initiates coverage on Groupon, Inc. (NASDAQ: GRPN) with a Hold. PT $21.00.

The firm comments, "We believe the company is well positioned to benefit from the rapidly growing daily deals market in terms of exploiting local services opportunities and expanding into the products arena. Our near term neutral stance on Groupon shares rests largely in the nascency of the business model in this service/product shift, along with a transition from aggressive growth via marketing to improved profitability through increased operational efficiencies."

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 $23.32 yesterday.

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