Groupon Upped at RBC Capital

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RBC Capital upgraded Groupon
GRPN
to sector perform from underperform. They also upped the price target to $6 from $5. RBC Capital analyst Mark Mahaney thinks the valuation following the recent correction makes GRPN shares more reasonably valued. In addition, Mr. Mahaney points to the progress Groupon has madein the mobile space. Shares of GRPN are trading up 2.5% at 6.98, nearly 16 percent higher than the RBC Capital price target.
Posted In: News
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