- "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.
- Shares +5.9% premarket
at CNBC.com (Nov 14, 2014)