BofA/Merrill Lynch Upgrades Google (GOOG) to Buy

February 27, 2013 7:21 AM EST
Get Alerts GOOG Hot Sheet
Price: $804.68 -0.17%

Rating Summary:
    53 Buy, 7 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 32 | New: 34
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BofA/Merrill Lynch upgraded Google (NASDAQ: GOOG) from Neutral to Buy with a price target of $920.00 (from $790.00).

Analysts see multiple expansion and revenue growth at Google in the second half of the year. Gains will be driven by the Enhanced Campaigns rollout and increase revenues from Product Listing Ads, and analysts also see potential for Motorola product launches.

For an analyst ratings summary and ratings history on Google click here. For more ratings news on Google click here.

Shares of Google closed at $790.13 yesterday.

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