Groupon Upgraded On Promise Of Local Commerce

By | December 11, 2013

Scalper1 News

Groupon (GRPN) stock rose 3% in midday trading Wednesday after Wells Fargo upgraded its rating to outperform from market perform. Wells Fargo analyst Trisha Dill also upgraded her price target to 13-14 from 5-6, the Motley Fool financial site reported. A provider of e-commerce deals, Groupon showed some signs of resurgence last month after it reported its Q3 earnings that beat expectations, as it tweaks its business model, as IBD reported. Dill, Scalper1 News

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