Though Drastic, Analysts View Groupon Inc (GRPN) Restructuring As Wise Move

Earlier this week, Groupon Inc (NASDAQ:GRPN) announced its plans to cut 1,100 jobs and exit seven countries. Following these developments, two analysts following the company weighed in. After learning about these developments, Arvind Bhatia of Sterne Agee rated the stock as Buy though he did not provide a price target. According to Bhatia, one of … Read more