Doing the DD. Deutsche Bank Just Raised GRPN to $12 Target. // read
The Street Insider
3/4/14 (GRPN ) Deutsche Bank Makes Positive Comments on Groupon, Inc. (GRPN)
Deutsche Bank reiterated a Buy rating on Groupon, Inc. (NASDAQ: GRPN) with a price target of $12.00. Analyst Ross Sandler noted the turn-around was "bumpy" but he doesn't think the wheels have come off, and he sees Q1 re-accelerating.
"We recently spent time with GRPN management and came away feeling a lot better about interpretation ofthe mixed 4Q, and overall trends heading into 2014. GRPN is facing headwinds in NA as it shifts its inventory from urgent-expiration to perpetual-marketplace deals