Yahoo Finance

We're taking you a closer look at Yahoo! Finance's trending tickers. Three names to watch: Nestle, Colgate, and Alphabet. We're doing it in less than 30 seconds. So, let's go. Kicking it off with Nestle, Nestle shares are moving here this morning just below the flat line after Morgan Stanley turned bearish on the stock. The analyst behind that call, hitting Nestle with a downgrade, saying that commodity pressures will impact growth next year. They're talking about the fact that they're not necessarily bearish on the name. They, she went on to say the analyst here, "We do not see significant absolute downside at present. We do not find Nestle appealing though versus European staples." They went on to say that a lot of this has maybe already been factored in when you take a look at valuation, and therefore, the short term, the limited upside there. But again, for the longer term, maybe a more bullish or a more positive outlook then here for Nestle from Morgan Stanley. But again, they did get that downgrade, and that's why we are seeing some pressure on shares here this morning.

All right, well, I'm going to get to Colgate-Palmolive dropping after Wells Fargo cut on the name, downgrading it to underweight from equal weight, saying that the household and personal care product company's growth is set to normalize. Now, this comes after a slew of other price target changes. We had Deutsche Bank also cutting its price target for Colgate on price and volume comps. And this is really interesting. The analyst behind the call, Chris Carey, he wrote that following an epic run, growth is now likely to closely match Colgate's peers versus outpacing them. So, it's not necessarily that there's bad news to come for Colgate, just that there's not necessarily more positive news to come for the name moving forward.

All right, let's take a look at Alphabet. Its price target revised by Evercore. They reduced it to 200 bucks a share from 225. This comes as Google's antitrust trial continues, the DOJ accusing the company of holding a monopoly over its online advertising. So, the real reason behind this is that the analyst over at Evercore, Mark Mahaney, now sees a worst-case scenario here for the company going forward. That worst-case scenario would be where Google's no longer allowed to bid for exclusive search distribution here in the US. Also went on to say that another company, Microsoft, buys out the exclusive search distribution deals, leading to material share loss. Despite all of that, and maybe that, maybe that doomsday scenario that that might sound like, he did though reaffirm his rating on the stock. He did that because he said that the impact for Google's EPS would still only be in the single-digit percentage range. So, therefore, still finds reason to have an outperform rating on Alphabet.