September 5, 2013

Groupon (GRPN) shares rose 3.6% to 10.66 after Morgan Stanley (MS) upgraded the online deals company to "overweight," or buy. "The turnaround in N. America from the introduction of the deal bank and strength in mobile give us increasing confidence that Groupon can stage a turnaround in (Europe, the Middle East and Africa) and execute against its sizable market opportunity," the analyst wrote in a note.