Google Valuation Increased and 3 Stock Analyses Sparking Chatter
Google Inc. (NASDAQ:GOOG) valuation range has been raised by Wells Fargo because the firm thinks that the the company’s core business’ strength will offset the drag from Motorola Mobility.The firm has decided to keep a Market Perform rating on the stock due to valuation.
American International Group, I (NYSE:NOW): Because Wells Fargo predicts an increase in demand for the company’s applications, it has raised its valuation range on ServiceNow. The firm keeps its Outperform rating on the stock.
Clearwire Corporation (NASDAQ:CLWR): Morgan Stanley has decided to keep its Underweight rating on Clearwire, and it predicts that funding will be pressured during 2H 2013 when LTE is launched. The firm still expects issues regarding liquidity because of top line pressure in the total area and in retail.
Signature Bank (NASDAQ:SBNY): According to Sterne Agee, stronger loan growth than predicted along with strong revenue growth may cause a significant rise in analysts’ consensus 2013 and 2014 EPS estimates for Signature Bank. The firm reiterates a Don’t Miss: Google Growls in Facebook Territory.
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