Cyber Monday Analysts' Revision Calls for Groupon & Big Lots
Downgrades for Big Lots (BIG) and Carnival (CCL) but an upgrade for Groupon (GRPN) in Monday's Analysts' Actions. Groupon was upgraded at Bank of America to BUY from NEUTRAL with its price target bumped to $9.50 from $8. The firm says it likes Groupon's large customer base and the 'downward estimate revision cycle could be ending.' Big Lots got a cut from JPMorgan and is now rated a NEUTRAL from OVERWEIGHT. The firm slashed its price target to $51 dollars from $53 saying the closeout retailer's positive developments are now in place with 'top line inflection likely pushed to the second half of 2015.' Goldman Sachs is now NEUTRAL on cruise operator Carnival. The firm says it's a valuation call with the stock hitting its price target of $43. Goldman also said the company has increased supply and the turnaround has been too slow.









