Tags: (Nasdaq: GOOG) Stock, Google Inc. (Nasdaq: GOOG)

By Downgrading Google Inc. (Nasdaq: GOOG), S&P Gets it Wrong - Again

By , Executive Editor, Money Morning •

William Patalon IIIWilliam Patalon III

Standard & Poor's Equity Research downgraded the shares of Google Inc. (Nasdaq: GOOG) from "Buy" to "Sell," saying the merger with Motorola Mobility Holdings Inc. (NYSE: MMI) will likely "negatively impact" Google's growth.

S&P also cut its target price for Google shares to $500 from its earlier target of $700.

Needless to say, we think S&P got it wrong - again. (Don't forget, it was another unit of S&P that downgraded U.S. debt earlier this month. That downgrade, to be really credible, should have been announced several years ago, during the height of the global financial crisis.)

Money Morning contributor Jack Barnes, a noted global-macro analyst who also writes our popular "Buy, Sell or Hold"features, has a much different - and much more bullish - take on Google's post-merger future.

Barnes, a retired hedge-fund manager, makes his case for Google in a "Buy, Sell or Hold" special report.

If you're a serious investor, this report will be well worth your time to read.

To access Money Morning's "Buy, Sell or Hold" special report on Google, just click here. The report is available free of charge.

[Editor's Note: As you'll see in Jack Barnes' report on Google, each member of our band of global-investing gurus brings to the table a very special expertise.

But here's the thing: We wanted to find ways to bring that expertise right to you ... where it will do the most good.

What if you could get a daily "private briefing" with our gurus? How valuable would that be?

Money Morning's newest service - called "Private Briefing" - can make that possible. For only $5, no less. To find out more, please click here.]

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