Groupon 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.
Groupon a top pick for 2015, says Brean Capital Brean Capital said Groupon is a top pick for 2015 as they believe the company will improve gross margins of its Goods effort and sustain growth for its North American Daily Deals. Brean Capital reiterates its Buy rating and raised its price target to $11 from $10 on Groupon 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.