Goldman Sachs Reiterates “Buy” Rating on EJ

E-House Holdings Limited (NYSE: EJ) was reiterated a “Buy” over at Goldman Sachs this morning. They said that the recent plunge in the stock is most likely due to worries about the “detailed tightening policies from various local governments following the State Council’s guidelines on April 17th.”

Goldman said that the real key to the stock is their expected commission rate, which Goldman is estimating comes in higher than expected when they report Q1 earnings on May 13th.

E-House Holdings Limited has a price target of $23.90. The stock is currently trading $14.35, off 2.71% on the session.