9:33 AM
admin
Morgan Stanley analyst Scott Devitt this morning cut his rating on Google to Equal Weight from Overweight, reducing his price target on the stock to $600, from $645. He also trimmed his profit forecasts for the company: for 2011, he now expects $31.44 a share, down from $32.73; for 2012, his new forecast is $34.43, down from $36.07. And for 2013, he now projects $37.58, down from $38.44.
