Groupon surges on upgrade

|By:, SA News Editor

"Our upgrade rests a lot on management delivering on their promise, which we feel is achievable based on our sensitivity analysis," says B. Riley analyst Sameet Sinha, boosting Groupon (GRPN) to a Buy with price target raised to $9.50 from $6.

Several management initiatives - including increased marketing, more efficient fulfillment, and technology deployment - should be getting traction, he says. The company is also entering a period of easier year-over-year comps.

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