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Merrill Lynch Remains Positive on Alphabet Inc (GOOGL) in Light of New EU AdSense Charges

The European Commission (EC) sent Google’s parent company Alphabet Inc (NASDAQ:GOOGL) two statements of objections charging that Google’s search and advertising business practices harm competitors. The objections expand on past issues raised by the EC and increase the likelihood that Google will face fines.

Merrill Lynch analyst Justin Post commented, “While the EU charges are a serious matter, Microsoft ’s stock performance after formal charges were filed suggests to us that the overhang is likely partially priced into Google ’s stock and...