UPDATE: Barrington Research Reiterates On Groupon On Marketplace Transition Progress

In a report published Monday, Barrington Research analyst Jeff Houston reiterated an Outperform rating on Groupon Inc (NASDAQ: GRPN), and raised the price target from $8.00 to $9.00.

In the report, Barrington Research noted, “We maintain our OUTPERFORM investment rating, speculative risk classification, but are increasing our price target to $9 from $8. Groupon is poised to continue reaccelerating growth and profitability given the aforementioned reasons as well as its recognizable brand and market share advantage.”

Groupon closed on Friday at $7.84.