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Groupon: Credit Suisse remains 'neutral'

(CercleFinance.com) - Credit Suisse maintains its "neutral" rating and 4.
90 dollar target price for the Groupon stock, after hosting meetings with the deal website's management team in San Francisco.

The broker said it left the event with a better understanding of the group's long-term international development opportunities.

Credit Suisse noted that the international market represents twice that in North America, and also pointed out that the potential in Europe is under-appreciated by the market.

While it sees several positive potential catalysts in 2018 (Groupon+ adoption, improved international performance and integration of food delivery), the broker maintains its "neutral" stance given muted growth in gross profit.

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