DA Davidson analyst Gil Luria raised the firm’s price target on Alphabet (GOOGL) to $180 from $160 and keeps a Neutral rating on the shares. Alphabet’s Q2 earnings were better than expected with an acceleration in revenue across the board, the analyst tells investors in a research note. The firm continues to believe that a breakup of the business would allow investors to own the components they want while unlocking additional shareholder value that is not currently reflected in the combined entity.
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