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>> MORGAN STANLEY Latest News

JUN 17, 2013 - Benzinga

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Morgan Stanley Gets a Little Less Neutral on Groupon, Says Street May Soon Begin to Price in 'Sustained Recovery'

Morgan Stanley analyst Scot Devitt may be pushing shares of Groupon (NASDAQ: GRPN) higher Monday afternoon following a reassuring note earlier. Groupon shares last traded at $7.74, up nearly 1.2 percent from Friday's close. Devitt is optimistic on Groupon, citing management's efforts to focus on long-term opportunities moving forward.

Tags: Morgan Stanley Gets a Little Less Neutral on Groupon, Says Street May Soon Begin to Price in 'Sustained Recovery',  Morgan Stanley Latest News