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 . . .
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