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Stock Market & Financial Investment News

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February 21, 2014
06:28 EDTGRPNGroupon quarter 'not as bad as it looks,' says Piper Jaffray
Piper Jaffray attributes the post-earnings pullback in shares of Groupon to the company's North America local billings decelerating to 2% year-over-year growth and itís weaker than expected earnings guidance. Piper says the quarter is "not as bad as it looks" and keeps an Overweight rating on the stock with a $15 price target. The firm believes Groupon remains well positioned to build a deal marketplace.
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