Cantor believes that Alphabet reported "solid results across geos and product types." The firm blames the company's EPS miss on "non-operating items," and notes that its EBITDA margins continue to come in at about 50%. The firm is upbeat on the company's search and display businesses. It cut its price target on the name to $940 from $975 but keeps a Buy rating on the shares.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here