Coupang upgraded to Buy from Hold at Deutsche Bank

Deutsche Bank upgraded Coupang to Buy from Hold with a price target of $21, up from $18.50. The company reported a strong Q4 with constant currency revenue up 20%, the analyst tells investors in a research note. Every cohort group grew at 15% or more, and while such momentum will be hard to maintain given that Coupang reaches fairly deeply into Korea now, its management expects growth to hold at around 20% this year, the firm added.