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UPDATE: MKM Initiates Coverage On Goldman Sachs

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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
Aug 2015Evercore ISIUpgradesHoldBuy
Jul 2015CitigroupMaintainsNeutral
Jun 2015Deutsche BankDowngradesBuyHold

View More Analyst Ratings for GS
View the Latest Analyst Ratings

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

 

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