Merrill Lynch's Moszkowski Downgrades Goldman (GS), Lehman (LEH) and Morgan (MS)
Tweet
Share
E-mailGet Alerts GS Hot Sheet
Price: $1,039.28 +3.73%
Rating Summary:
16 Buy, 23 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
16 Buy, 23 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Merrill Lynch analyst Guy Moszkowski downgraded Goldman Sachs (NYSE: GS) from Buy to Underperform, Lehman Brothers (NYSE: LEH) from Neutral to Underperform and Morgan Stanley (NYSE: MS) from Buy to Neutral. Moszkowski said conditions have deteriorated significantly from July.
Moszkowski lowered Q3 EPS estimates on Goldman from $2.80 to $2.04, saying the company is likely to post its lowest return on equity since going public in 1999. Moszkowski cut Lehmans' Q3 loss estimates from $1.59 per share to $3.94. He cut Q3 estimates on Morgan Stanley from $1.07 to $0.85.
Moszkowski lowered Q3 EPS estimates on Goldman from $2.80 to $2.04, saying the company is likely to post its lowest return on equity since going public in 1999. Moszkowski cut Lehmans' Q3 loss estimates from $1.59 per share to $3.94. He cut Q3 estimates on Morgan Stanley from $1.07 to $0.85.
You May Also Be Interested In
- Goldman Sachs Downgrades Shanghai Jahwa United (600315:CH) to Neutral
- HSBC Downgrades Gerdau S.A. (GGBR4:BZ) (GGB) to Hold
- Beike (BEKE) PT Raised to $23 at Morgan Stanley
Create E-mail Alert Related Categories
Downgrades, Insiders' BlogRelated Entities
Goldman Sachs, Morgan Stanley, Lehman Brothers, Guy MoszkowskiSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
