Groupon price target lowered to $4 from $7 at Benchmark Co. Benchmark Co. says Groupon reported weak Q3 results due to sequential declines in the Daily Deals or third-party business. The firm believes Groupon has re-entered a prolonged investment phase and keeps a Hold rating on shares with a lowered price target.
Groupon jumps 5% after positive mention by Leon Cooperman Shares of Groupon are trading higher after Leon Cooperman of Omega Advisors said on CNBC that his firm believes shares are worth 40%-50% more than current trading levels. Cooperman added that the provider of coupons is not a large holding for Omega. Groupon shares are up 5%, or 32c, to $7.15 in afternoon trading.