Goldman Sachs (GS) PT Lowered to $504 at Oppenheimer

Oppenheimer analyst Chris Kotowski lowered the price target on Goldman Sachs (NYSE: GS) to $504.00 (from $517.00) while maintaining a Outperform rating.

The analyst commented: "We are lowering our 2Q24 EPS estimate to $9.01 from $10.05 mainly due to lower trading revenue assumptions. Our prior methodology had yielded a ~10% increase assumption for 2Q24 and we shaved this to up 5%, which we view as the average of the range of guidance given."

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