August 16, 2011

#Google: S&P Cuts Rating To Sell From Buy; Sees Risks In Deal to buy #Motorola

Citing concerns about about Google‘s plan to spend $12.5 billion to buy Motorola Mobility, Standard & Poor’s analyst Scott Kessler today cut his rating on the search engine’s stock to Sell from Buy, slashing his price target on the stock to $500, from $700.

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