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A Google (GOOG) analyst on Friday raised his price target to 1,400, citing the search giant’s decision to sell mobile phone maker Motorola Mobility. Google stock traded up a fraction, near 1,222, in midday trading in the stock market today. Canaccord Genuity analyst Michael Graham boosted his target from 1,370, praising the $2.9 billion deal to sell the Motorola unit to Chinese PC-maker Lenovo. Announced in January, that deal is expected to close Scalper1 News
Scalper1 News