CLSA's Mayo Raises Goldman (GS) Shares Two-Notches to Outperform; Target to $230
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CLSA's Mike Mayo has upgraded shares of Goldman Sachs (NYSE: GS) two-notches from Underperform to Outperform this morning, also raising his price target from $194 to $230.
Traders seem to cheering the rating change today, bidding up shares of Goldman Sachs by about 1.2% in the pre-market session to around $188.65. Mayo's new price target represents potential upside of about 21.9%.
Visit our Analyst Ratings page to see all the analyst action on shares of Goldman Sachs.
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Mayo's Upgrade of GS
gary langbaum on Oct 6, 2009 05:46 PMYou have to wonder why anyone cares about Mayo's upgrade of GS. He has it rated underperform and it is up 120% YTD and the market is up about 20%. With that kind of performance, he should be unemployed, not getting credit for his recommendation.