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Fly News Breaks for October 12, 2015
GS
Oct 12, 2015 | 09:17 EDT
Sandler O'Neill upgraded Goldman Sachs to Buy with a $220 price target on shares. Analyst Jeffery J. Harte believe shares are oversold and said the recent investment banking and trading revenue weakness is a pause and not the beginning of a cyclical downturn. Harte views Goldman as the best Universal Bank positioned to benefit from an activity level rebound as we enter into the seasonally strong Q1 2016. Note Citi also upgraded shares this morning.
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