Goldman Sachs says antitrust to heat up in 2020, pressure Facebook, Google shares for ‘years’

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Goldman Sachs downgrades the communications services sector to a neutral rating based on regulatory pressure and expected lackluster performance.

“Antitrust lawsuits typically take years to resolve but ultimately result in lower valuation,” writes David Kostin, chief equity strategist at Goldman Sachs.

Whether Kostin’s caution is called for will depend on coordination between lawmakers on both sides of the aisle as well as the results of the 2020 election.


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