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Fly News Breaks for April 24, 2018
GOOG
Apr 24, 2018 | 08:02 EDT
Oppenheimer analyst Jason Helfstein raised his price target for Alphabet to $1,350 from $1,340 after the company reported "strong" Q1 results, while expecting investments in hardware and Cloud to weigh on margins through 2018. Despite margin concerns, valuation appears attractive, he adds. The analyst reiterates an Outperform rating on the shares.