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UBS Downgrades Alphabet (GOOG) to Neutral, 'Limited Upside and NT Monetization Risk'

June 26, 2023 4:31 AM EDT

UBS analyst Lloyd Walmsley downgraded Alphabet (NASDAQ: GOOG) from Buy to Neutral with a price target of $132.00 (from $123.00).

The analyst comments "We downgrade Alphabet (GOOGL & GOOG) to Neutral (from Buy) given: (1) it's difficult to see upside to our current high-single-digit Sites growth estimates... More

General Motors (GM) hires former Google exec Lin-Hua Wu as CCO

June 22, 2023 3:14 PM EDT

General Motors (NYSE: GM) revealed Thursday that the company has appointed former Google (NASDAQ: GOOG) executive, Lin-Hua Wu as senior vice president and chief communications officer. Wu replaces Craig Buchholz, who left the automaker May 1, said... More