As previously reported, Argus upgraded Goldman Sachs to Buy from Hold with a $465 price target. The company's Q1 results demonstrated the considerable strengths of the Goldman franchise during an investment banking upturn, the analyst tells investors in a research note, stating that while the investment banking environment offered a few false rebounds in 2023, the current surge appears to have staying power as equity and debt underwriting showing sequential improvement. Goldman's recent exit from several consumer businesses, which produced significant losses for the firm, also removes a headline risk and allows its management to refocus on core strengths in capital markets, Argus added.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Check out this morning's top movers from around Wall Street, compiled by The Fly. HIGHER - Snap... To see the rest of the story go to thefly.com. See Story Here