GOOG: RBC Defends; ‘Overhangs’ Coming Off, YouTube ‘Highly Valuable’
Amidst a drop of $11.40, or 1.5%, in Google (GOOG) shares, to $764.20, following a downgrade by BMO Capital‘s Daniel Salmon to Market Perform, RBC Capital‘s Mark Mahaney appeared on CNBC to defend his Outperform rating on the shares and $840 price target. “At around 16 times earnings, the valuation is not demanding,” Mahaney told [...]
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