Groupon price target lowered to $45 from $47 at Roth Capital

Roth Capital analyst Sean McGowan lowered the firm’s price target on Groupon (GRPN) to $45 from $47 but keeps a Buy rating on the shares ahead of its Q4 results next week. The stock’s recent weakness reflects investor skepticism that momentum seen last year will continue, though the firm maintains that shares are extremely undervalued, adding that it sees a number of clear catalysts likely to propel the stock to much higher levels, the analyst tells investors in a research note.