Groupon price target lowered to $12 from $16 at Deutsche Bank Deutsche Bank lowered its price target for Groupon shares to $12 after the company reported Q4 billings, gross profit and EBITDA below it estimates and guided 2014 EBITDA $20M below its expectation. The firm keeps a Buy rating on the stock, saying at around $9, the weaker than expected Q4 is already priced into shares.
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.