Goldman Sachs Research Summary (MAR 27, 2007)

From 247WallSt

Opnext (Nasdaq: OPXT) started as Neutral at Goldman Sachs; stock up 10% since IPO and Goldman sees 9% more upside to the stock.

Earnings estimates INCREASED for Fifth Third Bancorp (Nasdaq: FITB) and Kimberly-Clark Corp (NYSE: KMB).

Earnings estimates DECREASE for State Street Corp. (NYSE: STT), SunTrust Banks (NYSE: STI), U.S.Bancorp (NYSE: USB), Washington Mutual (NYSE: WM), Western Alliance Bancorp (NYSE: WAL), Bank of America (NYSE: BAC), Ethan Allen (NYSE: ETH), Agere Systems (NYSE: AGR).

Goldman Sachs notes that Q1 banking earnings will show modest top line growth with flat to down net interest income based on the inverted yield curve.

Tiffany & Co (NYSE: TIF) maintained Neutral.

Goldman Sachs adopts a buy and hold strategy in oils and gas companies with a 10%+ to 13% upside in the names, but says they prefer to buy on dips rather than chase rallies; says they could see 30%+ upside for the sector to current high-end trading values.

Hawaiian Holdings (NYSE: HA), parent of Hawaiian Air, maintained neutral but Goldman says the investor update shows severe yield pressure and worse than expected; it is reviewing its estimates.

Jon C. Ogg

http://www.247wallst.com/

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