Credit Suisse analyst Stephen Ju raised the firm’s price target on Groupon to $8 from $3.40 and keeps a Neutral rating on the shares following the Q2 results. Groupon is progressing along its eight pillar turnaround strategy plan outlined last quarter along three key workstreams — organizational rebuild, marketplace revitalization, and improved financial health — and saw improved demand in its marketplace as it continues to incrementally reduce its reliance on deep promotional offers, the analyst tells investors in a research note.
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