Notable Downgrades: Google (GOOG), Ascena Retail Group (ASNA), Brocade (BRCD), Yelp (YELP), Yahoo (YHOO)

Analysts at Pivotal Research Group downgraded Google Inc. (GOOG) from ‘Buy‘ to ‘Hold‘ in a research report issued to clients on Monday. The target price for GOOG is lowered from $640 to $570. On valuation measures, Google Inc. stock it’s trading at a forward P/E multiple of 16.52x, and at a multiple of 25.63x this […] View the full post at: Notable Downgrades: Google (GOOG), Ascena Retail Group (ASNA), Brocade (BRCD), Yelp (YELP), Yahoo (YHOO) Related posts: Microsoft, Yahoo: Its Not Love, Its Google Yahoo – Google Deal To Be Investigated U.S Justice Dept Investigating Google/Yahoo Deal