Groupon (GRPN) +7.8% premarket as Deutsche Bank upgrades shares to Buy from Hold and lifts its...

|By:, SA News Editor

Groupon (GRPN) +7.8% premarket as Deutsche Bank upgrades shares to Buy from Hold and lifts its price target to $10 from $6. GRPN should be in a position to grow billings 20% or more on the transition to a pull strategy, DB says, marked by further traction in mobile and SEO/SEM, which should result in up to 30% upside to 2015 consensus EBITDA in a bull case.