Groupon Secures Venture Capital Investment from Sequoia India for its India Business
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Brean Capital Cuts Price Target on Groupon (GRPN) Following 2Q Miss
August 10, 2015 7:17 AM EDTBrean Capital maintained a Buy rating on Groupon, Inc. (NASDAQ: GRPN), and cut the price target to $8.00 (from $11.00), following 2Q results. Total sales of $738.1MM were lower than the consensus estimate of $740.3MM and compared against managements guidance of $700MM-$750MM. Adjusted EBITDA was $61.1MM,... More
