Google (GOOGL) (GOOG) PT Cut $50 at SunTrust Robinson Humphrey

SunTrust Robinson Humphrey lowered its price target on Google (NASDAQ: GOOGL) (NASDAQ: GOOG) to $675.00 (from $725.00) following Q3 results but maintained a Buy rating.

Analyst Robert Peck highlighted: 1) Core Google sites +20% y/y, US reaccelerated to +15%, Network sites improved to +9%, 2) Licensing and Other revenues +50% for 3rd straight quarter, led by Play, 3) continues to invest "ahead of the curve" 4) Ad dollars migrating online – Google can deliver content, scale, and measurement, and 5) Valuation is attractive.

2014 EPS/revenue goes to $26.24/$53.2B (+23%) from $27.39/$53.6B with operating margin of 32.8%. 2015 EPS/revenue goes to $31.34/$64.4B (+21%) from $33.19/$65.4B with operating margin of 33.9%.

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 $536.92 yesterday.

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