All the market-moving Wall Street chatter from Monday

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All the market-moving Wall Street chatter from Monday

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for Electric Utilities, and the somewhat brighter

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for electricity consumption in the US in particular, where GEV has outsized market shares across most of its product categories,” he said. Meanwhile, Mitchell remained optimistic that electricity demand in the ******* States would grow and pointed to data center demand as one such growth driver. — Lisa Kailai Han 5:49 a.m.: Evercore ISI trims Alphabet price target Alphabet’s antitrust issues will limit upside going forward, according to Evercore ISI. The firm reiterated its outperform rating on the

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parent. However, analyst Mark Mahaney lowered his price target on the stock to $200 from $225. The new forecast implies upside of 27%. “We believe probable medium-term uncertainty over the DOJ anti-trust trials and their likely remedies will limit the potential for any near-or-medium-term material re-rating,” Mahaney wrote. “We believe a ‘worst case’ scenario is a more likely scenario than the market assumes.” “‘Worst case’ scenario would be where

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is no longer allowed to bid for exclusive Search distribution deals in the U.S., and another company (i.e.

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) ‘buys out’ the exclusive Search distribution deals, leading to a material (20% – 50%+) share loss by

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on the Search access points covered by those distribution deals,” he added. “Key, however, is that even in a ‘worst case’, 60% share loss, the impact to GOOGL EPS could still only be in the single-digit % range, given the likely material savings in TAC (Traffic Acquisition Costs).” Alphabet shares are up more than 12% year to date. GOOGL YTD mountain GOOGL year to date — Fred Imbert

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#marketmoving #Wall #Street #chatter #Monday

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