Alphabet price target raised to $192 from $187 at UBS

UBS analyst Lloyd Walmsley raised the firm’s price target on Alphabet (GOOGL) to $192 from $187 and keeps a Neutral rating on the shares. Alphabet’s results should go some way toward settling the ongoing debate around its CapEx and ROIC question, though shareholders will continue to be vexed by Google’s regulatory issues and the prospects for market share loss in its most important franchise, which will likely keep a top on its multiple and shareholders will be looking for ongoing prospects of EPS-growth-driven increases to the share price, the analyst says in a research note.