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Groupon Upgraded By Stifel Nicolaus

Shares of Groupon Inc. (NASDAQ: GRPN) soared on Thursday to clock a new 52 week high after Stifel Nicolaus upgraded the online marketplace stock to a “buy” from a “hold”. The firm has a price target of $16. Ever since Eric Lefkofsky took over the reins of the Company from Andrew Masson, the stock has rebounded after hitting a record low in late 2012. In the research report, Stifel’s research analyst, Jordan Rohan said that although the company hasn’t shown acceleration in growth, it could do it in the near-future and perhaps in this quarter itself.

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