KBW Upgrades Goldman Sachs (GS) to Outperform

July 21, 2010 6:59 AM EDT Send to a Friend
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Price: $183.35 +1.83%

Rating Summary:
    11 Buy, 17 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 28 | New: 14
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Keefe, Bruyette and Woods upgrades Goldman Sachs (NYSE: GS) from Market Perform to Outperform with a $190 price target

The firm said, "Overall earnings were weaker than already low expectations. However, despite lowering EPS estimates, we raised our price target and rating to Outperform as settlement of SEC lawsuit eliminates a key overhang on valuation, in our view."

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