S&P backtracks on Google downgrade
A week after downgrading Google's stock, Standard & Poor's reversed course, saying the stock price had fallen so much that it was now a more attractive buy.
Scott Kessler, head of technology sector equity research at S&P, wrote in a research note released today and cited by the Associated Press that he was upgrading the Web search giant's rating to "hold" from the "sell" rating he bestowed on the company's shares last week following Google's gutsy move to buy Motorola Mobility for $12.5 billion. The acquisition will give … Read more