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J.P. Morgan Cuts Google Price Target By $73
July 7, 2010, 11:21 amIn eight days, Google will give its second quarter financial report, and at least one group of analysts seems to think bad news is inevitable. J.P. Morgan cut its forecasts in several respects this morning, with the most dramatic reduction being a $73 chop in Google's price target. J.P. Morgan's Imran Khan, speaking on behalf of his company, stated according to Henry Blodget , "We are now modeling 2Q revenue and EPS of $4.92B and $6.38 vs. our prior estimates of $5.
