Market Overview

UPDATE: MKM Initiates Coverage On Goldman Sachs

Share:
Related GS
Fast Money Traders Share Their Picks In The Banking Sector
Technical Alert: Goldman Sachs At Highest Level Since November 2007
Changing Of The Guard At The CFTC: Impact On CME Group And ICE (Seeking Alpha)

In a note released Tuesday, MKM Partners initiated coverage of Goldman Sachs (NYSE: GS) with a Buy Rating and $213 price target.

Some of the key takeaways from the note:

  • Bruised But Not Beaten: Goldman became a target of anger over the financial crisis, but the negative media attacks are dissipating.
  • Earnings Quality Improving
  • Trading: We Suspect Activity is at a Trough
  • Investment Management: Steady Long-Term Growth
  • Solid Earnings Growth. On balance, we see 20% EPS growth in 2015, on 8% top-line growth, buybacks and efficiency gains

Shares of Goldman Sachs closed slightly higher, up 0.02 percent to $177.90.

Latest Ratings for GS

DateFirmActionFromTo
Dec 2016HSBCInitiates Coverage OnBuy
Nov 2016Deutsche BankUpgradesHoldBuy
Nov 2016Keefe Bruyette & WoodsUpgradesMarket PerformOutperform

View More Analyst Ratings for GS
View the Latest Analyst Ratings

Posted-In: MKM PartnersAnalyst Color News Price Target Initiation Analyst Ratings

 

Related Articles (GS)

View Comments and Join the Discussion!