UPDATE: CLSA Downgrades Goldman Sachs (GS) to Outperform
(Updated - July 16, 2013 2:00 PM EDT)
CLSA downgraded Goldman Sachs (NYSE: GS) from Buy to Outperform with a modified price target of $185 (from $176). The change follows Goldman's Q2 results. While analyst Mike Mayo is still positive, he doesn't think there is enough upside in the stock to justify a Buy rating (20% needed for Buy rating).
Mayo boosted 2013/2014/2015 EPS estimates to $14.85/$15.85/$17 from $12.60/ $15/$16.40.
For an analyst ratings summary and ratings history on Goldman Sachs click here. For more ratings news on Goldman Sachs click here.
Shares of Goldman Sachs closed at $163.00 yesterday, with a 52 week range of $91.15-$168.20.
CLSA downgraded Goldman Sachs (NYSE: GS) from Buy to Outperform with a modified price target of $185 (from $176). The change follows Goldman's Q2 results. While analyst Mike Mayo is still positive, he doesn't think there is enough upside in the stock to justify a Buy rating (20% needed for Buy rating).
Mayo boosted 2013/2014/2015 EPS estimates to $14.85/$15.85/$17 from $12.60/ $15/$16.40.
For an analyst ratings summary and ratings history on Goldman Sachs click here. For more ratings news on Goldman Sachs click here.
Shares of Goldman Sachs closed at $163.00 yesterday, with a 52 week range of $91.15-$168.20.