Groupon price target raised to $44 from $39 at Northland

Northland raised the firm’s price target on Groupon (GRPN) to $44 from $39 and keeps an Outperform rating on the shares. Q2 results confirmed an inflection is underway and suggest momentum is building, the analyst tells investors. Year-to-date share appreciation is “impressive,” but the firm sees further upside, the analyst tells investors.