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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.

Citigroup (NYSE: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.

Wall Street Analysts Initiate Coverage on Groupon picture
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