Bank of America Lowers Estimates on Google
Bank of America explained, “Our fear for stock for now is that buyside pessimism on Motorola increases into July earnings given Google's lack of disclosure and recent weaker-than-expected results from RIMM (NASDAQ: RIMM). Google would prefer that the street focuses just on Google's core advertising business.”
Google closed Friday at $570.98 as Bank of America maintains its Buy rating and $750 PT.
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