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Groupon (GRPN) stock rose Monday after the online daily deals marketplace got upgraded by RBC Capital Markets, which cited signs of operational improvement and Wall Street applying “a more reasonable valuation” to the stock. Groupon stock fell 13% to as low as 5.68 on Aug. 6 after its Q2 earnings and Q3 outlook fell below Wall Street expectations. And RBC has downgraded Groupon on Feb. 21, citing “anemic” billings growth of less than 2% Scalper1 News
Scalper1 News