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Fly News Breaks for March 5, 2018
GRPN
Mar 5, 2018 | 07:55 EDT
As previously reported, Morgan Stanley analyst Jonathan Lanterman upgraded Groupon to Equal Weight from Underweight, as he sees the stock being fairly valued with limited downside following the 20% selloff since its report of Q4 earnings. Lanterman has increased his 2018 adjusted EBITDA estimates by 2% and is now at the high end of the company's adjusted EBITDA guidance range, largely due to what he feels is more realistic SG&A modeling, he tells investors. He raised his price target on Groupon shares to $4.40 from $4.30.
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