MKM Starts Goldman Sachs At Buy, 213 Price Target

In a note out today, MKM Partners initiated coverage of Goldman Sachs GS with a Buy Rating and $213 Price Target. Some of the key takeaways from the note from MKM: -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 GS closed slightly higher, up 0.02 percent to 177.90, 19.3 percent below the MKM price target of 213.