Groupon Inc (GRPN) Accorded A Buy Rating By WunderlichVW Staff
Wunderlich Securities is initiating coverage of Groupon Inc (NASDAQ:GRPN) with a Buy rating and $11 price target. They believe the company’s challenges, which include an evolving strategy and the lack of a permanent CEO, has left the stock undervalued, given the opportunities the company can address. They view Groupon Inc (NASDAQ:GRPN) as a marketing company for local businesses that has been transitioning away from the daily deals business model that it became famous for.
Wunderlich believes its . . .
This content is exclusively for paying members. Sign up here
If you are subscribed and having an account error please clear cache and cookies if that does not work email firstname.lastname@example.org or click chat