Goldman Falls Over A Dollar After-Hours Following Downgrade

Goldman Sachs GS shares fall $1.50 in after-hours trading on Monday on comments in a note from Bernstein which cut Goldman's Price Target from $205 to $180.  The research firm also downgraded Goldman's stock from Outperform to Market Perform.  In the note Brad Hintz stated he is "not optimistic" for Goldman given the current environment surrounding the banks' Sales and Trading desk.  Low volatility because of Central Bank intervention and the creation of new regulations poses risks to Goldmans largest business line.  Bernstein does view Goldman as "one of the winners" once the make up of the current landscape changes and the marginal players exit the field.

As of 4:55PM Eastern Time on Monday Goldman traded down 1 percent to $165.79