Morgan Stanley Sees EU Overhang as Risk for Google

In a report published Wednesday, Morgan Stanley analyst Benjamin Swinburne reiterated an Equal-Weight rating and $600.00 price target on

. In the report, Morgan Stanley noted, “The EU continues to push for concessions around search. While the financial impact of this specific investigation is likely minimal, the search inquiry along with the EU's separate Android investigation and general tax risk are likely to remain overhangs.” Google closed on Tuesday at $536.11.