Google has filed its counter remedy proposal suggesting the remedy proposal from the Department of Justice filed in November goes well beyond the scope of the original DOJ case and Judge Mehta’s ruling, BofA tells investors in a research note. Google also emphasized its focus on innovation and noted its market leading position is due to quality of its services, and not from coercion or lack of alternatives, BofA adds. The firm expects these assertions to be the basis of Google’s remedy case, which is expected to go to trial in April, with a decision expected in August, and believes Google’s proposal could open the door for greater competition on mobile devices from existing app and browser competitors, and new AI entrants. BofA keeps a Buy rating on Google shares with a $210 price target
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