Ladenburg Thalmann's Bove Cuts '08 EPS Estimates on Goldman Sachs (GS) and Morgan Stanley (MS)

December 1, 2008 1:44 PM EST

Ladenburg Thalmann analyst Dick Bove cut estimates on Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS).

Bove cut his 2008 EPS estimate on Goldman from $10.11 to $8.58. The Street consensus is $9.32. He is maintaining his Sell rating and $70 price target on Goldman.

Bove cut his 2008 EPS estimate on Morgan from $4.11 to $3.54. The Street consensus is $3.97. He is maintaining his Neutral rating and $15 price target on Morgan.

Shares of Goldman Sachs are down 15.1% today to $67.01. The 52-week low is $47.41.

Shares of Morgan Stanley are down 16.5% today to $12.32. The 52-week low is $6.71.


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Stocks Mentioned

GS 179.52

+3.01 +1.71%
Volume: 5,179,833
Track GS

MS 33.68

-0.02 -0.06%
Volume: 7,886,571
Track MS


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