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Fly News Breaks for May 6, 2015
GRPN
May 6, 2015 | 06:01 EDT
Piper Jaffray says that while Groupon's March quarter slightly missed expectations after adjusting for the TMON sale and currency pressures, management guided core Groupon above its previous guidance range for 2015. Piper believes the core theme around building a marketplace with critical mass is intact. It maintains an Overweight rating on Groupon with a $10 price target.
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