Groupon, Inc. (GRPN) PT Maintained at $5.50 at Cowen; 'Consistent Trends, Positive Signals in Recent Purchaser Data'

Cowen maintained its price target on Groupon, Inc. (NASDAQ: GRPN) at $5.50 while maintaining a Market Perform rating, following an update to the company's outlook.

Analyst Thomas Champion highlights "encouraged" data that from Cowen's proprietary Consumer Tracker which "demonstrates usage and purchasing consistency on GRPN across the ten months of data, citing positive trends and strong consistency, as more robust trends could be emerging among frequent users.

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