UPDATE: Oppenheimer Holdings Reiterates Perform Rating, Lowers PT on Google

In a report published Wednesday, Oppenheimer Holdings reiterated its Perform rating on Google (NASDAQ: GOOG ), but lowered its price target from $760.00 to $715.00. Oppenheimer Holdings noted, “We believe that GOOG is smartly reinvesting its 83% gross margin in driving higher penetration of its Nexus Android tablets, but in