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Fly News Breaks for July 28, 2016
GRPN
Jul 28, 2016 | 05:45 EDT
Piper Jaffray analyst Samuel Kemp raised his price target for Groupon to $6.50 from $6.00 following the company's Q2 results. The company's core customer acquisition strategy appears to be playing out, which drive outperformance in 2018 EBITDA, Kemp tells investors in a research note. He continues to recommend owning the shares with an Overweight rating.
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