Groupon Inc (NASDAQ:GRPN) took its shareholders on a wild ride today. The company’s stock is up by more than 8% at time of writing, and stock has been rising pretty evenly throughout the day after a big jump right after the market opened this morning. The reason for the company’s jump could be linked to a Morgan Stanley report that came out this morning. The report, which was authored by Morgan Stanley analysts Scott Devitt and Stephen Shin, put a price target of $14 on Groupon Inc (NASDAQ:GRPN) and rated the company at Buy. According to the report Groupon shares look undervalued…
Groupon Might Be Good Buy Heading Toward Earnings
HFA Staff
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