JMP Securities has downgraded the stock rating of Google's parent company Alphabet Inc. from "Outperform" to "Market Perform" due to potential impacts from the antitrust lawsuits facing the company. Analyst Andrew Boone stated in a report released on Thursday that the risk of antitrust penalties "could significantly affect Google's search distribution and search revenue in the USA." Last year, Google lost a major antitrust case in the USA centered around the technology giant's dominance in the search sector. The final ruling in the case is expected to be made later this year. Among the 68 analysts surveyed by FactSet, 54 rated Alphabet as Buy or Overweight, while 14 rated it as Hold.