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.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Viking Holdings (VIK) PT Raised to $82 at Mizuho
• Mizuho Reiterates Outperform Rating on Broadcom Limited (AVGO) Into EPS
• Cummins (CMI) PT Lowered to $675 at Jefferies