‘Narrative continues to improve’ for Alphabet, research group says
Pivotal says it sees potential in Sundar Pichai, who was recently named Alphabet’s new CEO
06 January 2020 - 18:08
New York — Alphabet was upgraded to buy from hold at Pivotal Research Group, which wrote that after a “critical foundation year” in 2019, “the narrative continues to improve in 2020 and beyond”.
Analyst Michael Levine wrote that he was “encouraged by the durability of revenue growth” at the Google parent company, and that the stock should “outperform the other large-cap internet names in 2020 as estimates move higher.”..
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