Google Inc (NASDAQ:GOOGL) Split Will Bode Well For Alphabet Stock: Merrill Lynch



Google Inc (NASDAQ:GOOGL) Split Will Bode Well For Alphabet Stock: Merrill Lynch

Google Inc Split Will Bode Well For Alphabet Stock: Merrill Lynch BofA/Merrill Lynch reiterated a Buy rating with a $750 price target on Google stock; the firm is positive that the new company structure in 2016 would be favorable for Alphabet Published: Sep 17, 2015 at 10:54 am Est In a recent research note, BofA/Merrill Lynch analysts weighed in on Google Inc ( NASDAQ:GOOGL ) in light of the company's upcoming management structure. They said that in 2016, the search engine giant was due to break up its business into two parts, Google and Other segments and that this would bode well for Alphabet- the parent company that includes Google and other units. Merrill Lynch analysts think that the event will be favorable for Alphabet shares as it will encourage the use of a higher earnings estimate in valuing Google while attaching a positive value to the Other loss-making segments as well as giving more weightage to cash.

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