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BofA Merrill Lynch Lowers Google, Yahoo, eBay Estimates

June 8, 2010, 3:25 pm
Individuals who have invested in Google, Amazon, eBay, and Yahoo might want to lower their expectations. Bank of America Merrill Lynch cut its price targets on the companies' stocks today, with Google by far bearing the worst of it. Now, instead of $685, Bank of America Merrill Lynch has taken the position that Google will just hit $630. That's a drop of more than eight percent, which is a very serious amount. It wouldn't be surprising if some shareholders bail as a result.

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