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Fly News Breaks for January 19, 2017
GRPN
Jan 19, 2017 | 07:33 EDT
Piper Jaffray analyst Samuel Kemp believes Groupon shares offer an asymmetric risk/reward profile with the stock down 34% since the company reported Q3 results. The Street's 2017 EBITDA outlook is a relatively low hurdle, Kemp tells investors in a research note. He reiterates an Overweight rating on the shares with a $6.50 price target.
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