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Fly News Breaks for June 4, 2015
GRPN
Jun 4, 2015 | 08:42 EDT
After Groupon's CFO announced that he was leaving the company, Sterne Agee CRT says his departure was partly caused by his desire to be closer to his family. The firm says the promotion of Rich Williams to CFO reflects his success in helping to revitalize North America Local and its belief that he can replicate that performance abroad. The firm does not think the changes reflect a shift in Groupon's fundamentals or the direction of the company. The firm keeps a $12 price target and Buy rating on the shares.
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