Wells Fargo notes that Google has submitted a court filing and company blog detailing proposed remedies in the search case brought by the Department of Justice. The company believes that Google’s proposals leave little room to negotiate a settlement with the Department of Justice and would likely guarantee an appeal and resolution within two to three years. The burden will remain, but Wells does not see any meaningful court-mandated changes to distribution relationships in the near term. The company has an equal stock weight rating with A Price target From $187.
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