B.Riley Downgrades Groupon To Neutral

B.Riley downgraded Groupon Inc (NASDAQ: GRPN) from Buy to Neutral.

The price target for Groupon has been lowered from $9.00 to $7.00.

Groupon shares have gained 5.67 percent over the past 52 weeks, while the S&P 500 index has surged 9.66 percent in the same period.

Groupon shares closed at $6.15 in after-hours trading.