Soleil-Media Metrics – Proof that Wall Street Just Doesnt Understand Google
Yes, we’re facing tough economic times–a recession even–and, yes, Google’s going to feel the squeeze just like the rest of us. Still, it seems that some Wall Street analysts simply don’t understand what makes Google, Google. Soleil-Media Metrics analyst Laura Martin cut her rating on Google to “Hold” from “Buy” and slashed her price target to $350 from $580…saying the company’s practice of giving 10 percent of profits to charity and giving employees one day a week to work on pet projects should end amid the current economic climate.
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