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Fly News Breaks for August 18, 2016
GRPN
Aug 18, 2016 | 05:43 EDT
After traveling with management, Piper Jaffray analyst Samuel Kemp says he would continue to own shares of Groupon even though the stock is up 50% since the company reported Q2 results. Signs of an improving customer experience are beginning to show, Kemp tells investors in a research note. He believes customer acquisition and cost controls should drive EBITDA estimates higher. The analyst reiterates an Overweight rating on Groupon with a $6.50 price target.
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