Market Overview

UPDATE: BMO Capital Markets Reiterates Outperform Rating, Lowers PT on Google

Related GOOG
Why This Deep Value Investor Doesn't Care About Apple, Google
Markets In Rally Mode: S&P 500 And Nasdaq Surge As Dow Lags
DHL Testing Drones, but U.S. Policy Still Up in the Air (Fox Business)

In a report published Wednesday, BMO Capital Markets reiterated its Outperform rating on Google (NASDAQ: GOOG), but lowered its price target from $800.00 to $790.00.

BMO Capital Markets noted, “4Q12 non-GAAP EPS of $10.65 compared with our $11.28 and the Street's $10.61. Gross revenue of $14.42B excluded Motorola Home; otherwise it would have been $15.24B, which compared to our $15.77B. Year-over-year paid click growth was +24% vs. our +30% and the Street's +28%. Cost-per-click declined 6% compared with our 10% decline and the Street's -7.5%.”

Google closed on Tuesday at $702.87.

Latest Ratings for GOOG

DateFirmActionFromTo
Oct 2014Bank of AmericaMaintainsBuy
Oct 2014CitigroupMaintainsBuy
Oct 2014CRT CapitalMaintainsBuy

View More Analyst Ratings for GOOG
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Price Target Analyst Ratings

 

Related Articles (GOOG)

Around the Web, We're Loving...

Get Benzinga's Newsletters