Evercore Partners Maintains Overweight, $100 Target on Goldman Sachs
Evercore Partners reiterate its Overweight rating with a $100 target price on Goldman Sachs (NYSE: GS) following takeaways from meeting company management.
Evercore Partners says, "Recently, we sat down with GS CFO David Viniar. We walked away from the meeting slightly more positive on the current environment, and how GS is positioned for cyclical turns and any eventual structural changes. Clearly there are numerous overhangs (Europe, chiefly) and uncertainties (finalization of Volcker, derivatives regs) that still have to be resolved, and overall activity remains below normal levels. We believe GS is well positioned for a turn in the cycle, but the question remains when we will see a sustained turn."
GS closed at $113.17 on Wednesday.
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