Google Falls Amid Downgrade From Atlantic Equities

Shares of Google Inc GOOG GOOGL fell at Monday’s open amid Atlantic Equities downgrading the stock from Overweight to Neutral.

The Atlantic Equities downgrade follows Stifel’s January 8 downgrade from Buy to Hold.

“Google is in the early to mid stages of a core business maturation,” according to Stifel analyst Scott Devitt. “The company continues to find growth outside of search, but in structurally lower-margin business segment such as Google Play and YouTube.”

Google recently traded at $490.26, down 1.19 percent.