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Strategies & Market Trends : Classic TA Workplace

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From: Teri Garner	2/1/2006 7:43:46 AM
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GOOG Google tgt upped to $500 from $400 at Prudential (432.66 ) -Update- Prudential raises their GOOG tgt to $500 from $400, noting that GOOG broke its five-quarter streak of outperformance, reporting 4Q results that were below Street expectations. Based on the 4Q performance, they are raising their forward estimates. They note that the stock fell sharply in after-hours trading, in part, they believe, due to confusion regarding the EPS miss. They would view any sell-off as a buying opportunity.

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