More on Groupon's (GRPN +14.7%) rally: In addition to short-covering, shares are getting a lift...

|By:, SA News Editor

More on Groupon's (GRPN +14.7%) rally: In addition to short-covering, shares are getting a lift from a bullish Benchmark note that argues the Facebook IPO could result in a "big rally" for Groupon. The firm also thinks Groupon will "meet or beat" Q1 estimates this afternoon and report improving cash conversion figures, though it's concerned about Q2 guidance.