Wall Street analysts took a tentative, yet mostly positive stance on Groupon Inc. Thursday following what was generally seen as an upbeat first-quarter earnings report led by improvement in sales from North America.
Groupon’s shares rose 12%, to $6.27, as analysts such as Gene Munster, of Piper Jaffray, said the company is showing some evidence that it just might be on the road to stability after more than a year of upheaval, which culminated in the firing of chief executive Andrew Mason, on March 1.
Source: Market Watch. Read full article. (link)