"Banc of America Securities analyst John Janedis maintained a "neutral" rating on Google (nasdaq: GOOG - news - people ) with a 12-month price target of $420 after Google on Tuesday sealed the widely anticipated deal to buy a 5% stake of Time Warner (nyse: TWX - news - people ) unit AOL for $1 billion."The deal will extend Google's contract to operate AOL's search engine (set to expire in 2006) by five years and also include a host of new features," said the analyst in Wednesday's report."Google continues to take share in a growing market at a faster rate than its peers. In addition, we continue to think Internet ad growth will be at multiples of the overall ad market for several more years," the analyst said."
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