Alphabet price target raised to $190 from $170 at Mizuho

Mizuho analyst James Lee raised the firm’s price target on Alphabet to $190 from $170 and keeps a Buy rating on the shares. The company reported a strong quarter with better revenue growth and spending controls, “combined with assertive commentary in contrast to prior quarters,” the analyst tells investors in a research note. The firm believes the strength in the quarter should alleviate concerns about expenses, but says debates about long-term competitive landscape of search and the overhang of the Justice Department trial remain.