JMP Securities Maintains Market Outperform on Goldman Sachs Gr, Lowers Price Target to $450
Portfolio Pulse from richadhand@benzinga.com
JMP Securities analyst Devin Ryan has maintained a 'Market Outperform' rating on Goldman Sachs Group (GS) but lowered the price target from $470 to $450.

July 10, 2023 | 12:55 pm
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Goldman Sachs' price target has been lowered from $470 to $450 by JMP Securities, though the 'Market Outperform' rating is maintained.
The lowering of the price target by JMP Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintenance of the 'Market Outperform' rating indicates that the analyst still sees potential upside for the stock, which could counterbalance the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100