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Fly News Breaks for October 17, 2016
GRPN
Oct 17, 2016 | 07:07 EDT
Wedbush analyst Aaron Turner upgraded Groupon to Outperform saying he expects the company's "large valuation discrepancy" relative to peers to close following its Q3 earnings report. Accelerating site traffic growth and improving deal inventory should drive better than expected Q3 results for Groupon, Turner tells investors in a research note. He thinks investors will "recalibrate their growth expectations" for the company post the results and upped his price target for the shares to $6.50 from $4.50.
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