Morgan Stanley Believes Groupon Is On A Path To Unique Market Position

In a report published Friday, Morgan Stanley analyst Scott Devitt reiterated an Overweight rating and $15.00 price target on Groupon GRPN. In the report, Morgan Stanley noted, “We continue to believe that Groupon is on a 12-18 month path to becoming a unique local/mobile marketplace at scale. We lower our Q4 numbers and update our model for the TMon and ideeli acquisitions. We remain Overweight.” Groupon closed on Friday at $10.76.