KeyBanc raised the firm’s price target on Alphabet (GOOGL) to $225 from $215 and keeps an Overweight rating on the shares. The firm expects a mixed earnings season for Internet companies as long-term tailwinds collide with near-term headwinds and reinvestment, the analyst tells investors in a research note. However, the firm does not believe this is thesis-changing in nature, and misses due to FX may in fact create opportunities, KeyBanc adds.
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