Google, Twitter Upgraded, Recent Concerns ‘Overdone’

By | December 17, 2014

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Pivotal Research Group handed upgrades to buy from hold to Web search leader Google (GOOGL) and microblog platform Twitter (TWTR) on Wednesday, and both stocks rose. In Google’s case, Pivotal Research analyst Brian Wieser wrote in a research report that Wall Street’s concerns about “margin erosion, intensive capital investment plans and diversification … away from the company’s core advertising business” had prompted the investment bank to be Scalper1 News

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