Google Price Target Upped As Stock Split Nears

By | March 27, 2014

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As Google (GOOG) prepares a 2-for-1 stock split and the sale of Motorola Mobility, RBC Capital Markets has raised its price target on the stock. RBC analyst Mark Mahaney, in a Thursday research note, upped his target to a split-adjusted 710 from 700. Google stock was down 1.5% in midday trading Thursday in the stock market, near 1,112, or 556 at the split price. As of March 27, holders of Class A and Class B shares are scheduled on Tuesday after Scalper1 News

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