Information Provided By:
Fly News Breaks for April 26, 2017
GOOGL, GOOG
Apr 26, 2017 | 06:37 EDT
Deutsche Bank analyst Lloyd Walmsley raised his price target for Alphabet (GOOG) to $1,250 in a research note previewing the company's Q1 results. The analyst views Alphabet as a "grind-higher name" as improvement in mobile monetization, YouTube and the "nascent but promising" hardware business drive "solid" long-term growth. He points out that comps remain difficult, particularly in Q2. The analyst reiterates his bullish long-term view on Alphabet shares.