Notable Downgrades: Groupon (GRPN), Best Buy (BBY), Michael Kors Holdings (KORS), SunEdison (SUNE), Gulfport Energy (GPOR)

Analysts at Brean Capital lowered their Groupon, Inc. (GRPN) price target to $8 from $11 in a research report issued to clients on Monday. Groupon’s PT was also lowered to $5.25 from $7 at Northland Capital. On valuation measures, Groupon Inc. stock it’s trading at a forward P/E multiple of 21.25x next year’s estimated earnings. […] View the full post at: Notable Downgrades: Groupon (GRPN), Best Buy (BBY), Michael Kors Holdings (KORS), SunEdison (SUNE), Gulfport Energy (GPOR) Related posts: Moody’s Downgrades Japan Triple-As Currency Credit Rating S&P Downgrades 15 More Co.’s to Junk in June Hertz Global Holdings Sues Analyst for Defamation
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