Groupon (GRPN) Not Yet... Jefferies
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RBC Capital Downgrades Groupon, Inc. (GRPN) to Underperform
May 2, 2016 6:14 AM EDTRBC Capital downgraded Groupon, Inc. (NASDAQ: GRPN) from Sector Perform to Underperform with a price target of $3.00 (from $4.00) post March Quarter EPS results that highlighted deteriorating fundamentals and substantial challenges for the company going forward.
The keys according to analyst Mark Mahaney:
1) Relatively Consistent Gross Billings Trends Total Billings declined 3% Y/Y (ex-FX) to $1.5B in Q1, vs. 4%... More
