UBS raised the firm’s price target on Alphabet (GOOGL) to $202 from $192 and keeps a Neutral rating on the shares. Alphabet had the “cleanest” print in some time with fundamentals all supportive of EPS expansion, the analyst tells investors in a research note. At the same time, UBS believes Google’s trading multiple will remain under pressure due to unresolved regulatory issues and prospects for market share loss in Search given ongoing competitive pressure.
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