Groupon Jumps Most Since April After Piper Jaffray UpgradeBy
Analyst cites narrowed product and regional focus for rating
One-time tech darling has struggled since its 2011 IPO
Groupon Inc. jumped the most in three months Monday after analysts at Piper Jaffray Cos. upgraded its recommendation for the online marketplace, citing the company’s narrowed focus and marketing spending as driving growth.
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