UPDATE: Oppenheimer Reiterates Outperform Rating, Raises PT for Google

In a report published earlier today, Oppenheimer Holdings reiterated its Outperform rating for Google, Inc.

, along with raising its price target from $725 to $733. Oppenheimer said in the report “Google reported 1Q results that were generally in line with expectations, with no material change in management comments. EPS modestly exceeded Street expectations on margins and lower tax rate. Issues impacting 1Q, including quality improvements and mobile mix, are expected to continue into 2Q. We are assuming more positive trends by 4Q.” Google, Inc. closed at $651.01 yesterday.