Truist lowered the firm’s price target on Alphabet (GOOGL) to $200 from $220 but keeps a Buy rating on the shares. The impact of new tariffs, especially on China and Canada, is likely to weigh on the company’s growth in key verticals that include Retail, Autos and Pharma, the analyst tells investors in a research note. Truist adds however that it expects Google’s Q1 results to match consensus estimates, fueled by solid user engagement across Search and YouTube, and sustained performance in Cloud.
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