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Groupon, Inc. (GRPN) PT Lowered to $3 at Cowen Following 1Q Miss
May 4, 2017 7:33 AM EDTCowen lowered its price target on Groupon, Inc. (NASDAQ: GRPN) to $3.00 (from $4.00) while maintaining an Underperform rating. GRPN reported a mixed quarter with results mostly missing estimates. 1Q billings of $1.36BN was below the $1.48BN forecast. Non-GAAP EPS of $0.01 was below $0.03 forecast. Revenue... More
