UBS still sees "many mid-to-longer-term positive potential catalysts" for Google (GOOG), but cuts revenue, margin and EPS estimates, saying Street views don't "adequately reflect decelerating volume growth" in its paid clicks ad business. Firm cuts price target to $570.
The stock closed yesterday at $460.
So, let me get this straight.....They still expect the stock to go up $110 points or 25% in the next 12 months....and I'm sure the stock will take a hit today....
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment