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| UPDATED: 2006-04-12 |
 Google Rating Cut Down By JMP 
By: Chris Crum 2006-04-12 Google's rating from JMP Securities has been cut down from "Strong Buy" to "Market Outperform'. Along with that, JMP cut its price target down to $475 from $500. At the writing of this article, GOOG is at $408.95 after opening at $409.00. JMP has been cited as saying that Google's first-quarter and full-year revenue growth will be much lower than its initial forecast. Search query growth has not lived up to expectations. This is likely a factor that has been taken into consideration as other market analysts such as William Morrison have also lowered their target prices. Add to | Digg | Yahoo! My Web Technorati: Google View All Articles by Chris Crum About the Author: Chris is a staff writer for WebProNews, InternetFinancialNews, and SecurityProNews. |
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