tiprankstipranks
Google remedies proposal ‘more modest’ than DOJ’s, says JPMorgan
The Fly

Google remedies proposal ‘more modest’ than DOJ’s, says JPMorgan

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:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App