JPMorgan notes that Alphabet’s (GOOG) (GOOGL) Google submitted its remedies proposal in the search distribution case on Friday, calling the company’s remedies proposal “more modest than the DOJ’s proposal, as expected.” While the firm continues to expect a negative impact on Google’s financials on enforcement of any remedy, it says determining the financial implications remains challenging due to uncertainties around the actual remedy and adds that it continues to ultimately believe the judge’s final decision next summer will be “more balanced” between the DOJ and Google’s remedies, with greater consideration around the potential impact to users. JPMorgan maintains an Overweight rating on Alphabet shares.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOGL:
- Google announces remedies proposal in DOJ’s search distribution case
- Google proposes to loosen search deals as part of antitrust remedy, Reuters says
- Google call’s DOJ’s plan ‘extreme,’ Bloomberg reports
- Google remedies to DOJ case ‘significantly positive,’ says Barclays
- Apple (AAPL) Ventures into Home Security Market with Smart Doorbell