Alphabet Braces For DOJ Remedies: Analyst Sees 20% Upside Despite 'Worst Possible' Risks

As Alphabet Inc. GOOGL GOOG inches closer to the Department of Justice's final proposed remedies on Nov. 20, the stakes couldn’t be higher.While JPMorgan analyst Doug Anmuth sees potential headline risk, he believes this could also bring clarity, setting the stage for Google’s response and future appeal strategies.“The DOJ's final proposal should represent the worst possible remedies,” Anmuth notes, adding that Google’s counterproposal on Dec. 20 will likely paint a much less drastic picture. Despite these ...