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Fly News Breaks for July 21, 2017
GRPN
Jul 21, 2017 | 07:28 EDT
BofA/Merrill analyst Akshay Bhatia reinstated Groupon with an Underperform $3.50 telling investors it will likely struggle to drive sustainable and profitable growth given increasing marketing spend and difficult customer retention trends and said inconsistent revenue trends and limited operating leverage deserve a discounted valuation.
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