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Fly News Breaks for April 24, 2017
GRPN
Apr 24, 2017 | 08:59 EDT
As previously reported, Morgan Stanley downgraded Groupon to Underweight from Equal Weight with a new $3.50 price target. Analyst Brian Nowak said its recent local advertiser survey indicate lackluster forward advertiser spending and believes Groupon will need to spend more in order to grow North America Local Billings, which the Street seems to be underestimating.
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