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Lehman Brothers raised its price target on Google to $714 a share
10 October 2007
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Tim Luke of Lehman Bros. raised his price target on Google to $714 in a note to clients Tuesday morning. According to Thomson Financial, the target is now the highest on Wall Street for the search engine’s stock.
Luke based his move on his belief that Google “will soon more aggressively target the mobile market,” and also cited his “continued strong confidence in Google’s core business.”
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