Groupon price target raised to $24 from $21 at Roth Capital

Roth Capital raised the firm’s price target on Groupon (GRPN) to $24 from $21 and keeps a Buy rating on the shares ahead of its Q1 results. The company is expected to comment on its turnaround progress, growth initiatives and fixes to technology issues that arose last year, though the management has already demonstrated its ability to grow bookings, leverage operating costs and convert revenue to cash, the analyst tells investors in a research note.