BofA analyst Justin Post raised the firm’s price target on Alphabet (GOOG) (GOOGL) to $280 from $252 and keeps a Buy rating on the shares ahead of the company’s report due on October 29. Checks point to Q3 ad spending ahead of expectations, says the analyst, who raised the firm’s revenue estimate above Street consensus. BofA now expects Q3 revenue and EPS of $86.0B and $2.17, versus the Street at $85.0B and $2.29, respectively.
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