On a weak day for tech, Groupon (GRPN +6.5%) bounced strongly off its 52-week lows, thanks to an...
On a weak day for tech, Groupon (GRPN +6.5%) bounced strongly off its 52-week lows, thanks to an upgrade to Overweight from Evercore's Ken Sena, who notes the company is now valued just slightly above Google's $6B Dec. 2010 offer. Sena also downplays the impact of Groupon's June 1 share lockup expiration, and the possibility the company will have to take a write-down on its troubled international ops.
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