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COUP: Drops Double-Digits on Downgrade

Another firm recently cut its target price for COUP


Shares of (COUP) plunged more than 14% in Tuesday morning trading after a Wall Street bank lowered its rating for COUP stock.

CouponsGoldman Sachs (GS) now rates COUP stock as a “Sell.” Previously, Goldman Sachs had a “Neutral” rating on COUP stock, WKRB notes.

Last month, RBC Capital reduced its target price for COUP shares from $28 to $26.

Earlier this month, reports indicated that Google (GOOG) plans to shut down its online coupon-clipping service Zavers by Google.

On Monday, COUP stock closed at $27.83 per share.

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