Benchmark Cut Price Target on Google (GOOG)
By: Wall Street Pit
Posted on June 20, 2012 at 07:39 AM EDT
Benchmark’s Clayton Moran is making an interesting call in Google (NASDAQ:GOOG) this morning saying business has slowed down markedly in Europe and is showing similar signs in the U.S. - Price target is cut to $615 from $650, while Q2 EPS declines below consensus. Firm says they reduce estimates based on their 2Q channel checks. [...]
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