Alphabet Analyst Upgrades Stock, Says Virus Crisis Could Boost Subscription Services
BMO Capital Markets analyst Daniel Salmon on Monday upgraded his stock rating on Google parent company Alphabet, arguing that more consumers would amid the coronavirus crisis look at paying for its subscription services, such as YouTube Premium. Salmon moved his rating on the technology giant's shares from "market perform" to "outperform" after "a historic sell-off" that has seen the stock drop from a 52-week high above $1.530 in February to a 52-week low of $1,008.87 last week.