Alphabet gets 'buy' rating as Pivotal Research starts coverage
** Pivotal Research initiates coverage on Alphabet shares GOOGL.O with "buy" rating and PT $215, representing ~30%premium to stock's last close
** GOOGL up ~1.3% to $167.96 in premarket trading
** Research firm saysco has attractive valuation in "any realistic scenario"
** GOOGL has strong dominant position in core search business and cloud computing, and can significantly reduce cost structure - Pivotal
** Pivotal flags regulatory risks as recent court ruling, which found GOOGL guilty of violating an antitrust act by maintaininga monopoly on internet search, could materially affect its business model
** GOOGL also faces risk from U.S. presidential election, as large cap companies and news organizations "appear to favor the Democratic party over the Republican party" which "could lead to regulatory/court problems" - Pivotal
** As of Monday's close, GOOGL had risen 18.7% this year, compared with 21.2% increase in tech-heavy Nasdaq Composite index .IXIC
Reporting by Rishi Kant in Bengaluru
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