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Google: RBC, Bernstein Add to Parade of Estimate, Target Cuts

in News on October 10, 2008 at 6:53 am PT

The Street continues to ratchet down its expectations for Google (GOOG) ahead of the company’s third-quarter earnings coming up next Thursday. While continuing to recommend the stock, analysts at both RBC Capital and Bernstein Research today trimmed both their earnings estimates and price targets for the Internet search giant. That follows similar moves by analysts at Stifel, Morgan Stanley, AmTech and Collins Stewart.