S&P U.S. Indices Methodology Update and Constituent Additions
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Cowen Boosts PT on Google (GOOG) to $840; New Structure Increases Transparency
August 11, 2015 6:12 AM EDTCowen and Company is out with commentary on Google (Nasdaq: GOOG)(Nasdaq: GOOGL) following news that the company has formed a new company in Alphabet. Cowen affirms Google at Outperform and boosts its price target from $775 up to $840.
Analyst John Blackledge noted the following implications with Monday's announcement:
Leadership alignment. With the Alphabets move, GOOG ushers into the spotlight a new cadre of leaders (like... More