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Stock Market & Financial Investment News

News For GRPN From The Last 14 Days
Check below for free stories on GRPN the last two weeks.
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July 8, 2014
10:40 EDTGRPNGroupon bucks downtrend in tech after firm upgrades shares
Shares of Internet coupon provider Groupon (GRPN) are rising slightly in a down market after research firm B. Riley upgraded the stock to Buy from Neutral in a note to investors earlier today. WHAT'S NEW: About 25% of Groupon's gross billings in Q2 have easy year-over-year comparison and about 25% of its gross billings in Q3 will be in a similar situation, B. Riley stated. Meanwhile, technology upgrades on Groupon's overseas products should increase the company's productivity and its efforts to increase its margins on products it sells are becoming more effective, the firm stated. Groupon's gross billings growth, excluding acquisitions, should accelerate during the rest of the year, B. Riley forecast. Moreover, the margins on its earnings before interest, taxes, depreciation and amortization, excluding certain items, should rise to 15% by Q4 from 5% in Q1, according to B. Riley Along with upgrade of its rating, the firm raised its price target on the stock to $9.50 from $6. PRICE ACTION: In mid-morning trading, Groupon rose 0.5% to $6.50, while the S&P 500 was down 0.7% and the Nasdaq was down 1.4%.
10:28 EDTGRPNOn The Fly: Analyst Upgrade Summary
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09:52 EDTGRPNGroupon trades higher following upgrade, levels to watch
B. Riley upgraded the shares to Buy and raised its price target to $9.50 earlier today, noting the company is entering a period of easier comps, and is making operational improvements which should drive growth and margin expansion. At the current price of $6.60, the next resistance level is at $6.82 which is the session high. Resistance above the high is at $7.09. Support is at $6.35.
09:15 EDTGRPNOn The Fly: Pre-market Movers
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06:05 EDTGRPNGroupon upgraded to Buy from Neutral at B. Riley
B. Riley upgraded its rating on shares of Groupon (GRPN) to Buy saying the company is entering a period of easier year-over-year comparisons while operational improvements should drive organic growth and margin expansion. The firm raised its price target for shares to $9.50 from $6.

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