More on Wunderlich's bullish Groupon (GRPN +4.4%) coverage launch: The firm views Groupon "as a...

|By:, SA News Editor
More on Wunderlich's bullish Groupon (GRPN +4.4%) coverage launch: The firm views Groupon "as a marketing company for local businesses that has been transitioning away from the daily deals business model," and argues its transition to "offering a deal bank of discounted goods and services to browse" ultimately makes it more valuable to customers and sellers. The arguments resemble those in Deutsche's June "Groupon 2.0" upgrade. Shares now +86% YTD, but still well below their $20 Nov. '11 IPO price.