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GS

Goldman Sachs

$238.66

4.3 (1.83%)

07:43
11/29/17
11/29
07:43
11/29/17
07:43

JPMorgan calls Goldman top investment banking pick for 2018

Following a meeting with management, JPMorgan analyst Kian Abouhossein raised his price target for Goldman Sachs to $270 from $263 and calls the company his top investment banking pick for 2018. Goldman closed yesterday up 2%, or $4.38, to $239.41. The analyst is more positive around the strength of the franchise and believes its fixed income, currencies and commodities business revenue growth opportunity of $1B-plus is more likely to be achieved. Goldman has shown "excellent progress" when it comes to delivering shareholder value, Abouhossein tells investors in a research note.

GS Goldman Sachs
$238.66

4.3 (1.83%)

10/09/17
10/09/17
DOWNGRADE
Target $255

Neutral
Goldman Sachs downgraded to Neutral at Credit Suisse
As previously reported, Credit Suisse analyst Susan Roth Katzke downgraded Goldman Sachs to Neutral from Outperform given the recovery in the shares and the now more limited total return to her target price, which she raised to $255 from $240.
10/18/17
BMOC
10/18/17
NO CHANGE
Target $217
BMOC
Market Perform
Goldman Sachs price target raised to $217 from $202 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Goldman Sachs to $217 after Q3 earnings to reflect higher than previously modeled revenue and CCAR-approved capital plan. While the price target on shares implies an 8% downside, the analyst says it does not yet consider policy changes under President Trump, which could add as much as 19% to the current forward EPS forecast, writes Fotheringham in his research note. The analyst keeps his Market Perform rating on Goldman Sachs.
11/06/17
VERF
11/06/17
DOWNGRADE
VERF
Sell
Goldman Sachs downgraded to Sell from Hold at Vertical Group
Vertical Group analyst Richard Bove downgraded Goldman Sachs to Sell saying "more earnings issues may surface" as the company continues to pursue its traditional business model when it is evident it is no longer relevant.
11/06/17
11/06/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Weatherford (WFT) downgraded to Neutral from Buy at Citi with analyst Scott Gruber saying the company's turnaround is going to take time and the ending remains uncertain. 2. Hyatt (H) downgraded to Neutral from Buy at B. Riley FBR with analyst Bryan Maher citing valuation following the stock's recent rally. 3. Sprint (S) downgraded to Underweight from Sector Weight at KeyBanc with analyst Brandon Nispel saying competitive intensity in the wireless industry will likely increase now that the company could not reach a merger agreement with T-Mobile (TMUS). 4. Goldman Sachs (GS) downgraded to Sell from Hold at Vertical Group with analyst Richard Bove saying "more earnings issues may surface" as the company continues to pursue its traditional business model when it is evident it is no longer relevant. 5. Hilton (HLT) downgraded to Market Perform from Outperform at Wells Fargo with analyst Jeffrey Donnelly citing the stock's "premium valuation" and a lack of visible catalysts. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

03:10
12/13/17
12/13
03:10
12/13/17
03:10
General news
FX Action: USD-CAD has settled in the mid 1.28s »

FX Action: USD-CAD has…

02:35
12/13/17
12/13
02:35
12/13/17
02:35
General news
FX Update: The dollar took a clobber on U.S. political news »

FX Update: The dollar…

SNY

Sanofi

$43.96

0.26 (0.59%)

02:25
12/13/17
12/13
02:25
12/13/17
02:25
Conference/Events
Sanofi to hold analyst day »

Analyst Day to be held in…

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  • 13

    Dec

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    Mar

  • 02

    May

IRM

Iron Mountain

$37.80

-2.9 (-7.13%)

19:44
12/12/17
12/12
19:44
12/12/17
19:44
Syndicate
Iron Mountain 14.5M share Secondary priced at $37.00 »

JPMorgan, BofA/Merrill,…

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  • 13

    Dec

BTC

Bitcoin

, BITCOIN

Bitcoin

19:01
12/12/17
12/12
19:01
12/12/17
19:01
Hot Stocks
SEC chairman: Cryptocurrency tech may prove to be 'disruptive' »

SEC chairman Jay Clayton…

BTC

Bitcoin

BITCOIN

Bitcoin

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  • 12

    Dec

STI

SunTrust

$65.54

0.92 (1.42%)

18:57
12/12/17
12/12
18:57
12/12/17
18:57
Upgrade
SunTrust rating change at Keefe Bruyette »

SunTrust upgraded to…

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  • 19

    Jan

ZION

Zions Bancorp

$50.46

0.52 (1.04%)

18:55
12/12/17
12/12
18:55
12/12/17
18:55
Upgrade
Zions Bancorp rating change at Keefe Bruyette »

Zions Bancorp upgraded to…

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PFE

Pfizer

$36.58

0.37 (1.02%)

, CLLS

Cellectis

$24.02

-1.11 (-4.42%)

18:44
12/12/17
12/12
18:44
12/12/17
18:44
Hot Stocks
Pfizer's, Servier's UCART19 candidate shows high complete remission rate »

Servier, Pfizer (PFE) and…

PFE

Pfizer

$36.58

0.37 (1.02%)

CLLS

Cellectis

$24.02

-1.11 (-4.42%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 04

    Jan

O

Realty Income

$55.74

0.32 (0.58%)

18:43
12/12/17
12/12
18:43
12/12/17
18:43
Hot Stocks
Realty Income raises monthly dividend to 21.25c per share from 21.2c »

Realty Income Corporation…

03/08/13
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03/08/13
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03/06/13
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WDC

Western Digital

$81.77

0.57 (0.70%)

18:16
12/12/17
12/12
18:16
12/12/17
18:16
Earnings
Western Digital ups Q2 revenue view to $5.3B from $5.2B-$5.3B, consensus $5.2B »

Sees Q2 gross margin…

03/08/13
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HTLF

Heartland Financial

$50.75

0.6 (1.20%)

18:03
12/12/17
12/12
18:03
12/12/17
18:03
Hot Stocks
Heartland Financial to acquire FBLB in roughly $185.6M deal »

Heartland Financial USA…

03/08/13
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SMBK

SmartFinancial

$21.82

0.03 (0.14%)

18:03
12/12/17
12/12
18:03
12/12/17
18:03
Hot Stocks
SmartFinancial and Tennessee Bancshares announce merger agreement »

SmartFinancial, parent…

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WBT

Welbilt

18:00
12/12/17
12/12
18:00
12/12/17
18:00
Initiation
Welbilt initiated at Barclays »

Welbilt initiated with an…

03/08/13
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VMC

Vulcan Materials

$121.51

-1.41 (-1.15%)

18:00
12/12/17
12/12
18:00
12/12/17
18:00
Initiation
Vulcan Materials initiated at Barclays »

Vulcan Materials…

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  • 12

    Dec

URI

United Rentals

$163.65

-0.17 (-0.10%)

17:59
12/12/17
12/12
17:59
12/12/17
17:59
Initiation
United Rentals initiated at Barclays »

United Rentals initiated…

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TEX

Terex

$46.53

-0.32 (-0.68%)

17:59
12/12/17
12/12
17:59
12/12/17
17:59
Initiation
Terex initiated at Barclays »

Terex initiated with an…

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SUM

Summit Materials

$31.19

-0.32 (-1.02%)

17:59
12/12/17
12/12
17:59
12/12/17
17:59
Initiation
Summit Materials initiated at Barclays »

Summit Materials…

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  • 15

    Dec

MTZ

MasTec

$46.60

-0.25 (-0.53%)

17:58
12/12/17
12/12
17:58
12/12/17
17:58
Initiation
MasTec initiated at Barclays »

MasTec initiated with an…

03/08/13
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  • 18

    Dec

MLM

Martin Marietta

$207.25

-1.43 (-0.69%)

17:58
12/12/17
12/12
17:58
12/12/17
17:58
Initiation
Martin Marietta initiated at Barclays »

Martin Marietta initiated…

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MTW

Manitowoc

$39.30

-0.4 (-1.01%)

17:57
12/12/17
12/12
17:57
12/12/17
17:57
Initiation
Manitowoc initiated at Barclays »

Manitowoc initiated with…

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LECO

Lincoln Electric

$90.89

-1.4 (-1.52%)

17:56
12/12/17
12/12
17:56
12/12/17
17:56
Initiation
Lincoln Electric initiated at Barclays »

Lincoln Electric…

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JEC

Jacobs Engineering

$68.39

0.01 (0.01%)

17:55
12/12/17
12/12
17:55
12/12/17
17:55
Initiation
Jacobs Engineering initiated at Barclays »

Jacobs Engineering…

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HRI

Herc Holdings

$60.94

-0.46 (-0.75%)

17:55
12/12/17
12/12
17:55
12/12/17
17:55
Initiation
Herc Holdings initiated at Barclays »

Herc Holdings initiated…

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FLR

Fluor

$50.43

0.3 (0.60%)

17:54
12/12/17
12/12
17:54
12/12/17
17:54
Initiation
Fluor initiated at Barclays »

Fluor initiated with an…

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03/08/13
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DE

Deere

$151.07

-0.26 (-0.17%)

17:54
12/12/17
12/12
17:54
12/12/17
17:54
Initiation
Deere initiated at Barclays »

Deere initiated with an…

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03/06/13
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