Google (GOOG) PT Lifted to $670 at BofA/Merrill Lynch

BofA/Merrill Lynch analyst Justin Post reiterated a Buy rating and boosted his price target on Google (NASDAQ: GOOG) to $670.00 (from $660.00) following Q2 results.

The firm is raising 2014 total net revs/EPS to $53.0bn/$25.89 from $52.2bn/$25.73. For 2015E, they are raising revenues by 2%, taking rev/EPS to $63.2bn/$30.05 from $61.4bn/$29.38.

"We continue to see bigger brand advertiser spend, Google Play, and the maturity of product listing ads in Intl markets as drivers of potential 2014 revenue strength," Post said.

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 $573.73 yesterday.

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