Analyst Raises Expectations For Google's Stock

Courtesy WebProNews - Financial  Mon, 12/14/2009 - 12:53

Last week, Yahoo experienced a small win on the financial front as an analyst gave its stock a "buy" rating and increased his price target from $19 to $20.  Today, Google achieved a rather bigger victory as another analyst raised his price target from $600 to $695.

Google LogoJefferies & Co. analyst Youssef Squali had no shortage of reasons for reiterating a "buy" rating on Google and altering the price target.  "Signs of improvement in CPCs" and "optimism among advertisers...

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