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GRPN

Groupon

$5.57

0.46 (9.00%)

17:44
01/19/18
01/19
17:44
01/19/18
17:44

Groupon announces Chief Product Officer Jay Sullivan resigns

On January 17, Jay Sullivan notified Groupon of his decision to resign as Chief Product Officer, effective immediately, in order to pursue new opportunities. Sullivan's resignation is unrelated to any disagreement with the company. Moving forward, the company's Product Management teams will report to Steve Krenzer, its COO. Accordingly, Krenzer will assume Sullivan's responsibilities on an interim basis until the company appoints a permanent replacement.

GRPN Groupon
$5.57

0.46 (9.00%)

12/12/17
PIPR
12/12/17
NO CHANGE
PIPR
Overweight
Groupon selloff today a buying opportunity, says Piper Jaffray
Piper Jaffray analyst Sam Kemp recommends using the selloff today in shares of Groupon as a buying opportunity. The stock is down 5% on data from a third-party scraping source suggesting the company had a weak November, Kemp tells investors in a research note. He believes third-party scraping data for Groupon has become ineffective since the company has shifted toward Groupon+. As Groupon+ becomes more successful, it will result in lower engagement of the traditional vouchers that these scrapers track, the analyst contends. As such, he believes data suggesting weak trends is likely actually suggesting strong adoption of Groupon+, which Kemp views as positive. The analyst reiterates an Overweight rating on Groupon with a $6.25 price target.
01/17/18
GSCO
01/17/18
UPGRADE
GSCO
Neutral
Groupon upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs analyst Christopher Merwin upgraded Groupon to Neutral and raised his price target for the shares to $5.40 from $4.70. Stabilizing gross profit growth, coupled with cost savings, should drive upside to Street EBITDA expectations in 2018, Merwin tells investors in a research note. The analyst thinks Groupon shares are fairly valued at current levels.
01/17/18
GSCO
01/17/18
DOWNGRADE
Target $46
GSCO
Sell
Shutterfly downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Christopher Merwin downgraded Shutterfly (SFLY) to Sell with an unchanged price target of $46. The Internet-based image publishing service closed yesterday down 46c to $52.62. Since finding a bottom on November 6, shares of Shutterfly have rallied 31%, which more than prices in any benefit of tax reform, Merwin tells investors in a research note. He sees an unfavorable risk/reward profile at current share levels. The analyst coupled the downgrade with an upgrade of Groupon (GRPN) to Neutral from Sell.
01/17/18
01/17/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. IBM (IBM) upgraded to Overweight from Underweight at Barclays with analyst Mark Moskowitz saying the company could be entering a period of top-line stability and maybe even modest growth over the next 12-18 months. 2. Ulta Beauty (ULTA) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Simeon Gutman saying Ulta shares are trading at a compelling multiple given the company's long runway for earnings per share growth combined with benefits from lower tax rates. 3. Groupon (GRPN) upgraded to Neutral from Sell at Goldman Sachs with analyst Christopher Merwin saying stabilizing gross profit growth, coupled with cost savings, should drive upside to Street EBITDA expectations in 2018. 4. L3 Technologies (LLL) upgraded to Buy from Neutral at BofA/Merrill with analyst Ronald Epstein saying it will benefit from "upward momentum" in the U.S. defense budget. 5. Dick's Sporting (DKS) upgraded to Buy from Neutral at Buckingham with the firm citing tax reform benefits and recent strength across retail. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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OMAB

OMA Airports

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KDMN

Kadmon

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ASR

Asur

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USB

U.S. Bancorp

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-0.83 (-1.51%)

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Judge criticizes U.S. Bancorp deal to sidestep prosecution, Bloomberg reports »

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KZIA

Kazia Therapeutics

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OBE

Obsidian Energy

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OBE

Obsidian Energy

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SSRM

SSR Mining

$8.33

0.06 (0.73%)

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SSRM

SSR Mining

$8.33

0.06 (0.73%)

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IVC

Invacare

$17.97

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Invacare names Kathleen Leneghan as CFO, effective immediately »

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SHCAY

Sharp

$8.21

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GM

General Motors

$40.91

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SJI

South Jersey Industries

$26.34

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TRTN

Triton International

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SJI

South Jersey Industries

$26.34

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PAA

Plains All American

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STX

Seagate

$51.36

-0.08 (-0.16%)

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WDC

Western Digital

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HPQ

HP Inc.

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BKD

Brookdale Senior Living

$7.18

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Downgrade
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AQMS

Aqua Metals

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