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Friday, 18 July 2014

Google Seen Best Placed for Growth as It Transitions to Mobile




Google Inc is the best placed of any company to benefit from the shift to mobile, increased local advertising and wearables, analysts said after the search giant posted its 18th straight quarter of 20 percent-plus revenue growth. At least eight brokerages raised their price targets on the stock on Friday by as much as $75, to a high of $745. Google shares were up 2 percent at $593.37 in early trading on the Nasdaq.

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