Google Inc. was upgraded to outperform from perform at Oppenheimer on Friday. The brokerage also raised its 12 to 18-month price target to $700 from $670, which implies potential upside of 9% from Thursday’s closing price, though the analysts said the stock could get as high as $905. Oppenheimer cited accelerating YouTube usage, now growing at the fastest pace in more than two years, as well as new ad products that compete better with those offered by Facebook Inc. for the upgrade. Shares of Google fell 0.7%to $637.84 in early morning trade. They are up 16.5% over the last three months, versus an 8.5% decline for the broader S&P 500.
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