Four Analyst Calls That Are Moving Stocks on Wednesday: Groupon Inc (GRPN)

In addition to being cut from Deutsche, Citi also cut shares to Neutral. The stock may be cheap but the actions on behalf of the company are hard to explain during a year that was suppost to bring some balance, and after a quarter that showed some stability in revenue. As of now, it’s a hard puzzle to piece together, therefore investors should invest with caution, and I think a Hold rating may be appropriate.

Conclusion

In a previous article I wrote about analysts “following the leader” and how one upgrade/downgrade usually starts a chain effect that can dictate the trend of a stock. It is good to use this information as part of your research but you must ensure that you are assessing the stock and its valuation with your own due diligence. It is important not to make an emotional decision based on the performance of a stock, and if you refrain from making such a decision then large gains could follow.

The article Four Analyst Calls That Are Moving Stocks on Wednesday originally appeared on Fool.com and is written by Brian Nichols.

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