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Fly News Breaks for July 18, 2016
GRPN
Jul 18, 2016 | 05:42 EDT
Piper Jaffray analyst Samuel Kemp upgraded Groupon to Overweight saying new management's market spend will drive customer acquisition. The Street is not accounting for Groupon's gross profit generation from newly acquired customers, Kemp tells investors in a research note. He raised his price target for the shares to $6 from $4.
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