Wells Fargo says Google’s proposed remedies leave little room for settlement


https://www.tipranks.com/news/the-fly/google-remedy-proposals-leave-little-room-for-settlement-says-wells-fargo

Wells Fargo notes that Google filed a court filing and a company blog detailing its proposed remedies in the Justice Department’s search case. The firm believes Google’s proposals leave little room for negotiating a settlement with the DOJ and likely warrant an appeal and resolution within 2-3 years. The overhang will remain, but Wells doesn’t see any significant court-ordered changes to distribution relationships in the near term. The company has an Equal Weight rating on the stock with a target price of $187.

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