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.
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