Groupon Inc (NASDAQ:GRPN) shares are at $4.57 today, down almost 9 percent, and reeling from a downgrade by Evercore Partners Inc. (NYSE:EVR) on concerns of a likely decline in billings. According to Ken Sena, analyst at Evercore Partners Inc. (NYSE:EVR), “We see potential for future cash burn, assuming billing declines persist, as the deteriorating impact of ‘changes in accounts payable’ could be enough to offset growth in income earned.” Sena cut the price target for Groupon Inc (NASDAQ:GRPN) from $6.50 to $3, and cut its rating to Underweight. In a rewind to its Q2 results, which really gave an impetus to Groupon’s downhill…
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