DOJ To File Remedies Framework Against Google: JP Morgan Sees Alphabet EPS To Drop 10%, 'Negative Headlines' Likely

JP Morgan analyst Doug Anmuth expects negative headlines for Google's parent-company Alphabet, Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) when the Department of Justice (DOJ) proposes a broad and punitive set of potential remedies against the company this week.

The Details:

The DOJ is expected to file a high-level framework for potential remedies on Tuesday in its search distribution trial against Google. Anmuth said he expects the DOJ to file a "wide-ranging and far-reaching set of potential remedies, most likely more than the DOJ thinks it could ultimately win."

The JP Morgan analyst sees five potential ...

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