Multiple investment banks have lowered their price targets for Alphabet, Google's parent company, with only Barclays and BMO Capital Markets bucking the trend to raise theirs.
Odaily Planet Daily reports that several investment banks have lowered their price targets for Alphabet, Google's parent company, while only Barclays and the Bank of Montreal have bucked the trend with upward revisions:
New Street Research lowered its Alphabet price target from $455 to $405.
UBS lowered its Alphabet price target from $400 to $379.
Oppenheimer lowered its Alphabet price target from $445 to $400.
Investment bank D.A. Davidson lowered its Alphabet price target from $375 to $350.
Wells Fargo lowered its Alphabet price target from $418 to $411.
Morgan Stanley lowered its Alphabet price target from $415 to $400.
BMO Capital Markets raised its Alphabet price target from $455 to $465.
Barclays raised its Alphabet price target from $405 to $425.
