referring to A new wave of federal regulation across the technology industry will ultimately strengthen two of the globe's biggest internet and social media companies: Facebook and Google-parent Alphabet. "We draw comparisons to the financial services sector post Dodd-Frank, where there has been a clear decline in new banks formed as regulation created higher barriers to entry," analyst Mark Kelley wrote. The analyst set a 12-month price target of $228 for Facebook (representing 12 percent upside from Tuesday's close) and a $1,400 target for Alphabet (representing nearly 20 percent upside from Tuesday's close). Facebook, though up only 8.4 percent over the last six months, is 22.3 percent higher over the last three. "Near-term engagement remains steady following Cambridge; more regulation would likely make Facebook stronger."Despite the new buy rating, shares of both Facebook and Alphabet fell in premarket trading Wednesday as the broader market prepared to slide in the wake of President Donald Trump's latest tariff announcement against China.
![Hydro One shares down after Ontario government says CEO, board out]()
collected by :Ros Roger
Hydro One shares down after Ontario government says CEO, board out
BusinessHydro One shares down after Ontario government says CEO, board outShare on Facebook Share on Twitter Share by EmailAnalysts express concern for potential 'meddling' by provincial government in futureMayo Schmidt retired effective immediately as CEO of Hydro One, Ontario's largest regulated electricity utility, Premier Doug Ford announced Wednesday. ADVERTISEMENTOn Wednesday, after stock markets had closed for the day, Ontario Premier Doug Ford announced the immediate retirement of Hydro One CEO Mayo Schmidt. Paul Dobson, Hydro One's chief financial officer, will serve as acting CEO until a new top executive is selected. In response to the government's move to supplant the utility's board and CEO, some analysts cautioned investors on raised political or regulatory risks. CIBC reduced its price target on Hydro One's shares to $20.50 from its previous target of $24.JP Morgan says buy Twitter shares because the fake account 'sell-off is overdone'
referring to The recent drop in Twitter's stock is a great buying opportunity, according to J.P. Morgan. On Friday after the market close the Washington Post reported Twitter was ramping up its efforts in closing fake accounts. We'd be taking advantage of the weakness and recommend buying Twitter shares," analyst Doug Anmuth said in a note to clients Monday. Twitter shares rose 1 percent on Tuesday after the report. The analyst reaffirmed his $50 price target for Twitter shares, representing 13 percent upside to Monday's close.Twitter shares jump after Goldman Sachs says account purge good for business, raises price target
Twitter shares rose Thursday after Goldman Sachs raised its price target for the social media stock and told clients that despite recent worries about the crackdown on fake accounts, the purge will be a net positive for user engagement. Goldman Sachs analyst Heath Terry increased his price target on Twitter to $55 from $40, arguing that the company's efforts to drive and monetize user engagement will help contribute to 25 percent upside over the next year. While the initial reaction on the Street may have been a reflexive reaction by traders, Goldman Sachs wasn't the only brokerage to applaud Twitter's campaign against fake accounts. The stock rose 1.8 percent the Goldman and MKM notes, adding to an 85 percent climb since January. "Deep learning expertise has become a primary engineering focus for Twitter especially over the past two years," Sanderson wrote.collected by :Ros Roger