Coverage of e-commerce marketplace Groupon Inc (NASDAQ:GRPN) has been initiated by analysts at Brean Capital with a buy rating and a price target of $8 a share. The price target on the stock represents a potential upside of 29% from its Tuesday closing price. Shares of Groupon Inc (NASDAQ:GRPN) are moving within a 52-week trading range of $5.18 - $12.42.Gentex Corporation (NASDAQ:GNTX) reported financial results for Q3 ended Sept. 30, 2014, that topped analysts' expectations, and provided guidance for fiscal 2014. Shares are up 6.42% at $30.65, with a 52-week range of $ 26.33 - $34.41. The supplier of automatic-dimming rear-view mirrors and video camera based lighting-assist features posted Q3 net income of $72.3 million or $0.49 per share, compared with the prior-year period's $55.5 million or $0.38 per share. Excluding an incremental impact of $0.01 from research and development tax credits, earnings for the current quarter were $0.48 per share.Revenue was $350.9 million, up 22% from $288.6 million in the same quarter last year. Analysts polled by Capital IQ were expecting EPS of $0.47 on revenues of $338.86 million. Gentex Corporation (NASDAQ:GNTX) expects light vehicle production for Q4 to be 12.42 million, down 1% from 12.6 million in the same quarter last year. For the calendar year 2014, production is expected to be 50.6 million, up 3% from 2013's production of 49.2 million. GNTX also estimates that Q4 2014 net sales will increase 10% - 15% compared with the same quarter in 2013, and estimates the gross profit margin in Q4 2014 will be 39.5% - 40%.Ocwen Financial Corp (NYSE:OCN) has been downgraded by Moody's and Standard and Poor's following accusations of malpractice by the mortgage servicer. New York's Superintendent of Financial Services on Tuesday accused the company in a letter of backdating potentially hundreds of thousands of letters to borrowers, "likely causing them significant harm." Moody's cut its Corporate Family Rating to B2 from B1; the Senior Secured Bank Credit Facility to B2 from B1; and its Senior Unsecured Debt to B3 from B2. S&P downgraded Ocwen to B from B+ with a negative outlook."The rating actions follow the New York Department of Financial Services' allegations, set forth in a letter to Ocwen, raising serious issues with Ocwen's servicing systems and processes," Moody's said. "These allegations raise the risk of actions that restrict Ocwen's activities, the levying of monetary fines against Ocwen, or additional actions that negatively affect Ocwen's credit strength. In addition, the continued regulatory scrutiny further damages Ocwen's franchise position." In a statement, Ocwen Financial Corp (NYSE:OCN) acknowledged that some incorrectly dated letters had been sent out, but didn't know how many. It said its investigation into the matter is continuing. The stock has a 52-week range of $18.57 - $60.18.
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