Last week Standard & Poor’s took Google down a peg after it announced a $12.5 billion acquisition with Motorola Mobility by downgrading Google’s stock from “buy” to “sell” and lowering its target price from $700 to $500. When Google’s price dipped below that Target, S&P reversed course. [More]
standard & poor’s
Justice Department Investigates Standard & Poor's Mortgage Security Ratings
By 8.18.11
Standard & Poor’s may be have a downgrade of sorts in store for itself, now that the credit ratings agency is the target of a Justice Department investigation into its ratings of mortgage companies before the financial crisis. [More]
Standard & Poor's Zaps Google With Downgrade Ray
By 8.17.11
The U.S. government isn’t alone in the Standard & Poor’s downgrade doghouse. Google, which is in the process of buying Motorola Mobility for $12.5 billion, took a sharp knock from Standard & Poor’s equity researchers, who moved Google’s stock from a “buy” to a “sell,” lowering its target price to $500 from $700. [More]
