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Fly News Breaks for December 12, 2018
GS
Dec 12, 2018 | 09:28 EDT
As previously reported, Atlantic Equities analyst John Heagerty downgraded Goldman Sachs to Neutral from Overweight. The analyst cut his EPS forecasts by 5% in FY19 and 7.5% in FY20 to reflect a more subdued environment for investment banking activity and lowered his price target on Goldman shares to $210 from $295, citing his reduced estimates as well as a 15% discount to valuation to reflect uncertainty regarding the new CEO's strategy and the 1MDB investigation.
News For GS From the Last 2 Days
GS
Apr 26, 2024 | 10:00 EDT
Automotive data and software services provider Solera is weighing an initial public offering that may raise over $1B and has picked banks including Goldman Sachs (GS) and Morgan Stanley (MS) to work on the offering, people familiar with the matter told Bloomberg's Amy Or and Ryan Gould. Solera could launch an offering as soon as in July, the sources noted. Reference Link