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Google (GOOGL), already facing competition in its core search business, was handed a price target cut by Credit Suisse, which cited increased research and development spending for the Internet search giant as well as rising capital expenditures. The investment bank cut its price target Wednesday for Google stock to 700 from 722 while maintaining an outperform rating. In a research note, Credit Suisse analyst Stephen Ju also forecast Google website Scalper1 News
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