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Analyst Moves: GRPN, XLS
Monday, April 2, 4:24 PM ET

Groupon (NASDAQ:GRPN) was downgraded today by Bank of America/Merrill Lynch from buy to neutral with a price target of $20, following a restatement of Q4 earnings.

Shares are lower by about 14.6 percent.

Exelis (NYSE:XLS) was downgraded today by JP Morgan (NYSE:JPM) to neutral based on valuation.

Shares are lower by about two percent.

For MarketNewsVideo.com, I'm Kristin Bianco.

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Analyst Moves: GRPN, XLS | Market News Video | Copyright © 2008 - 2013, All Rights Reserved

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