Goldman Sachs (GS) Downgraded to Neutral at Atlantic Equities

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An analyst at Atlantic Equities downgraded shares of Goldman Sachs (NYSE: GS) from Overweight to Neutral this morning. The firm maintained a $170 price target on the stock.

Today's downgrade follows reports yesterday that Goldman will pay $111.3 million in delayed bonuses. Shares fell about 1.3% yesterday amid the news.

With Goldman shares up modestly (0.48%) to $166 even this morning, Atlantic Equities price target implies potential upside of just 2%.

For more ratings news on Goldman Sachs click here and for the rating history of Goldman Sachs click here.

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