), but lowered the price target from $723.00 to $722.00. In the report, Credit Suisse noted, “We do not anticipate investor sentiment to shift on the heels of this result, but we highlight: 1) continued strength from Google's emerging L&O segment (Google Play), 2) Google O&O properties' CPC decline moderation (which should soon inflect positive), and 3) flattening capex. We view the decreased capex growth with ambivalence as we believe it is a bullish indicator of Google's need to keep up with user demand, but investors will likely cheer what looks like the first sign of a potential harvest cycle. Our investment thesis and Outperform rating remain unchanged, as we believe Google is set to benefit from the pricing convergence between mobile and desktop on the back of products such as Enhanced Campaigns, App Indexing, and cross-device attribution tools.” Google Inc closed on Thursday at $536.92.