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Technology Stocks : Groupon, Inc.
GRPN 21.55+7.1%9:30 AM EST
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From: The Ox7/8/2014 9:03:30 AM
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zax

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Groupon surges on upgrade
  • "Our upgrade rests a lot on management delivering on their promise, which we feel is achievable based on our sensitivity analysis," says B. Riley analyst Sameet Sinha, boosting Groupon ( GRPN) to a Buy with price target raised to $9.50 from $6.
  • Several management initiatives - including increased marketing, more efficient fulfillment, and technology deployment - should be getting traction, he says. The company is also entering a period of easier year-over-year comps.
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