Groupon price target lowered to $10 from $17 at Goldman Sachs

Goldman Sachs analyst Eric Sheridan lowered the firm’s price target on Groupon (GRPN) to $10 from $17 and keeps a Sell rating on the shares. Groupon reported Q4 results below prior guidance due to enterprise channel execution challenges and weaker owned marketing performance, with both pressures expected to persist into Q1, while user growth trends remained positive, the analyst tells investors in a research note.