Morgan Stanley lowered the firm’s price target on Alphabet (GOOG) (GOOGL) to $185 from $210 and keeps an Overweight rating on the shares. The firm lowered its revenue estimates by about 2% in FY25 and FY26, which results in about a 4% reduction in its EPS forecasts, notes the analyst, who models about $10 of EPS in FY26. The changes came in conjunction with the firm lowering estimates “across the board” for its North American internet stock coverage.
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