Will Groupon Stock Ever Be Great? Merrill Lynch Thinks Not
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
It's been many a year since one could last describe e-deals website Groupon (NASDAQ: GRPN) as a hot stock. Today, Bank of America Merrill Lynch thinks you should drop it.
That's the upshot of a new rating that came out this morning from B of A's Merrill Lynch brokerage unit. Reinstating coverage of Groupon stock on Friday, Merrill assigned Groupon an underperform rating and a $3.50 price target. With Groupon shares recently trading for just under $4, this implies a nearly 8% loss on the stock lies ahead.
Source: Fool.com
Groupon Inc. A Stock
Our community is currently high on Groupon Inc. A with 5 Buy predictions and 3 Sell predictions.
With a target price of 20 € there is potential for a 1532.92% increase which would mean more than doubling the current price of 1.22 € for Groupon Inc. A.
