Analysts: Google Ad Revenue Shows Upside and 3 More Research Notes Worth Perusing
Google (NASDAQ:GOOG): ITG Research says that Google’s second quarter ad revenue is tracking in the range of $12.28 billion to $13.33 billion, ahead of the consensus estimate of $12.55 billion.
Rackspace (NYSE:RAX): Wells Fargo attributes today’s weakness in Rackspace to concerns over price cuts announced by Amazon (NASDAQ:AMZN) for certain cloud services. However, the firm notes that most of Amazon’s price cuts are for up-front fees, and believes the changes indicate a meaningful change in pricing strategy. The firm maintains its Outperform rating on Rackspace.
Family Dollar (NYSE:FDO): Canaccord lowered Family Dollar’s fourth quarter estimate to $0.84 from $0.85, in response to sluggish sales and weaker gross margins. The firm also dropped its price target on the shares to $58 from $63, and kept a Hold rating.