Wall Street Analysts Initiate Coverage on Groupon Wednesday, December 14, 12:09 PM ET
Wall Street analysts are publishing their first research reports and ratings on daily deal website Groupon (NASDAQ:
GRPN) today, with mixed opinions.
C) rated the stock a 'hold,' with a $24 price target.
Credit Suisse (NYSE:
CS) estimates the stock is a hold, with a $25 price target, and Morgan Stanley (NYSE: MS) called the stock an equalweight.
Barclays Capital (NYSE:
BCS) rated the stock overweight, with a $27 target.
Bank of America (NYSE:
BAC) started its coverage with a buy rating and a $28 target, while Goldman Sachs (NYSE: GS) initiated Groupon at a buy rating and a $29 target.
A rash of internet IPOs in recent months has include social networking site LinkedIn (NYSE:
LNKD), radio site Pandora (NYSE: P) and listings site Angie's List (NASDAQ: ANGI).
Facebook seems likely to be the most-anticipated internet IPO in 2012.
Groupon shares are trading lower following the coverage initiations today.
For MarketNewsVideo.com, I'm Sayoko Murase.
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Wall Street Analysts Initiate Coverage on Groupon
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