Google (GOOG) stock is where it started 365 days ago, but Citi is undeterred. The firm has added Google to its Top Picks Live List, while removing a faltering Expedia (EXPE). Both stock remains BUYs.
- Citi’s channel checks indicate GOOG will meet its Q2 estimates.
- Citi sees a compelling risk/reward case at current levels.
- $630 target
- Citi has lost some confidence in EXPE because of the lack of an aggressive buyback plan and weakening European macro trends.
- Target slashed from $37 to $31.
Poll: Google (GOOG) Best Company in US; Airlines (NWA), Halliburton (HAL) and Comcast (CMCSA) The Worst (GOOG, NWA, HAL, CMCSA)
Europe and Consumer Catalysts For Expedia (EXPE)? We Doubt It. Maybe Buyback (EXPE)