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Fly News Breaks for February 26, 2017
GRPN
Feb 26, 2017 | 19:22 EDT
Piper Jaffray analyst Samuel Kemp continues to recommend shares of Groupon despite the post-Q4 earnings run-up. The company's turnaround is beginning to show "sustainable" gross profit, EBITDA and free cash flow growth, which warrants a "much higher valuation for shares," Kemp tells investors in a weekend research note. He reiterates an Overweight rating on Groupon with a $6.50 price target. The local commerce marketplace operator closed Friday up 5c to $4.47.
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