S&P boldly cuts Google (GOOG) to Hold from Strong Buy, saying that while Google remains an...

|By:, SA News Editor

S&P boldly cuts Google (GOOG) to Hold from Strong Buy, saying that while Google remains an IT sector bellwether, it sees "limited opportunities for core search market-share gains - and risks associated with a strategy seemingly increasingly predicated on M&A." But analyst Scott Kessler maintains his $700 target, allowing for ~10% upside. GOOG +0.2% to $626.