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Fly News Breaks for December 18, 2018
GS
Dec 18, 2018 | 08:06 EDT
Wells Fargo analyst Mike Mayo lowered his price target for Goldman Sachs to $235 from $305 following new criminal charges. The analyst believes that until the company gives an update, there may remain higher than desired uncertainty. Three key issues weigh on the stock, he contends, namely 1MDB, capital markets, and macro concerns. Nonetheless, the analyst reiterates an Outperform rating on the shares.
News For GS From the Last 2 Days
GS
Mar 28, 2024 | 05:00 EDT
HSBC analyst Saul Martinez raised the firm's price target on Goldman Sachs to $460 from $432 and keeps a Buy rating on the shares. After underperforming year-to-date, HSBC is incrementally positive on super regional banks. Citi (C) remains the firm's preferred choice among banks, however. HSBC continues to expect the banks to show improved net interest income in 2H24, generate operating leverage in 2025, and increase share buybacks in 2025 and beyond.