Goldman Sachs At Highest Levels Since Financial Crisis
Goldman Sachs Group Inc (NYSE: GS) shares are trading higher by $7.00 at $218.75 in Wednesday's session.
The catalyst for the huge rally is an upgrade from Deutsche Bank. Before the open, the firm upgraded the issue from Hold to Buy and substantially raised its price target from $180 to $255.
After a sharply higher open, it retreated only $0.08 to $214.97 before continuing its march higher. The ensuing rally has taken the issue to $219.09 and it's not far off that level. That high coincides with its June 2015 high of $218.77.
The issue is now trading at levels not seen since the beginning for the Financial Crisis of 2008-2009.
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