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Fly News Breaks for September 21, 2017
GRPN
Sep 21, 2017 | 06:14 EDT
Piper Jaffray analyst Samuel Kemp expects Groupon to beat the high end of its EBITDA guidance, forcing 2018 Street estimates "to a more realistic level and providing a tailwind" to the company's multiple. The analyst believes Groupon is seeing sustained momentum behind the North America local business and reductions in expenses. He notes that the company remains his strongest risk/reward profile idea over the next 12 months. Kemp reiterates an Overweight rating on Groupon with a $5.50 price target.
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