In a brief note to clients this morning, Morgan Stanley’s Scott Devitt this morning starts coverage of Google (GOOG) with an Equal Weight rating and a $625 price target, citing some of the same mobile computing concerns that have bedeviled Facebook (FB) in recent weeks. Writes Devitt, Despite attractive valuation, we remain concerned that profit [...]
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Scott Devitt and his team at Morgan Stanley just put out a bullish note on Google, raising its price target to $730. Devitt says Google's growth in mobile and the success of Google Instant aren't being fully appreciated. He sees the... Read Post
Morgan Stanley analyst Scott Devitt this morning cut his rating on Google to Equal Weight from Overweight, reducing his price target on the stock to $600, from $645. He also trimmed his profit forecasts for the company: for 2011, he... Read Post
Morgan Stanley analyst Scott Devitt late Sunday launched coverage of Yelp with an Equal Weight rating and $22 target price. The stock closed Friday at $19.46. “We see Yelp as a leader in local business discovery, but also a balanced... Read Post