Goldman Sachs Sees Value In a Stand-Alone E*Trade (ETFC)

Goldman Sachs trimmed its price target on E*TRADE (NASDAQ: ETFC) from $13 to $12 following the conclusion of its strategic review without a sale.

The firm doesn't think this news should surprise investors, as recent remarks from competitors showed a indicated a lack of interest in the company's asset pool.

Goldman now sees near zero likelihood of a transaction. However they continues to see value in a stand-alone E*TRADE and sees 31% upside to their new $12 price target.

The Buy rating was maintained.

For an analyst ratings summary and ratings history on E*TRADE click here. For more ratings news on E*TRADE click here.

Shares of E*TRADE closed at $9.48 yesterday.

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