Google (GOOG) (GOOGL) 'Alphabet' News Improves Accountability, Focus, and Transparency, Baird Says

Baird analyst Colin Sebastian reiterated his Outperform rating and $720 price target on Google (NASDAQ: GOOG) (NASDAQ: GOOGL) after the company announced it will be creating a new holding company “Alphabet” later this year.

Sebastian commented, "Overall, we believe the decentralized structure could improve accountability, focus, and transparency, all positives as investors view Google's speculative businesses partly as a distraction. Moreover, the move should allow Google and other segments to promote talented employees more quickly, and reduce the risk of turnover."

For an analyst ratings summary and ratings history on Google click here. For more ratings news on Google click here.

Shares of Google closed at $633.73 yesterday.

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