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Citigroup upgrades Google (GOOG +2.8%) to Buy, noting the company is trading below market...

Citigroup upgrades Google (GOOG +2.8%) to Buy, noting the company is trading below market multiples and is a compelling risk-reward opportunity in the large-cap Internet sector. Other reasons for the upgrade: Google has shown revenue growth and margin stabilization, its Q1 spending surge is paying off, and Facebook is less of a threat.
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