Analysts: Groupon Share Pullback a Buying Opportunity and 3 More Research Notes to Check Out
Groupon Inc. (NASDAQ:GRPN): Deutsche Bank recommends using the 20 percent pullback in shares of Groupon since late September as a buying opportunity; the firm expects Groupon’s results to be within the guidance range and views the company as one of the best long-term plays in mobile and local. The firm has a Buy rating on the stock and a $17 price target.
Gap Inc. (NYSE:GPS): Goldman downgraded Gap to Neutral from Buy, citing increased concerns from recent data points that include the September sales report that included increased promotions and traffic weakness, a weaker demand outlook, and gross margin pressures. The Gap’s price target was lowered to $40 from $42.
Nuance Communications (NASDAQ:NUAN): Deutsche Bank views the 30 percent year-to-date pullback in shares of Nuance Communications as a buying opportunity; Deutsche thinks Nuance’s market opportunity and competitive position remain relatively strong and believes the company’s fourth-quarter results may signal a turning point. The firm reiterates a Buy rating on the stock with a $24 price target.
CarMax Inc. (NYSE:KMX): After meeting with CarMax’s senior management, Oppenheimer believes the company is in the midst of a “sustained sales recovery;” the firm contends that the recent pullback in the stock has created an attractive opportunity for investors interested in the longer term, and the analyst keeps an Outperform rating on CarMax shares.
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