Barclays downgrades Groupon

Filed under: AM Roundup |

Barclays Capital downgraded Groupon from “overweight” to “underweight” and cut its price target, said the Chicago Tribune.

The online coupon company was down 2 percent on opening of the stock market this morning.

The problem lies with its Groupon Goods, a program in which the company buys goods in bulk at discount rates and then sells them at a higher price.

Read more at the Chicago Tribune.