Citigroup Downgrades Goldman Sachs Gr to Neutral, Raises Price Target to $400
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Keith Horowitz has downgraded Goldman Sachs Gr (NYSE:GS) from Buy to Neutral, while raising the price target from $370 to $400.

July 25, 2023 | 9:54 am
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NEUTRAL IMPACT
Goldman Sachs Gr has been downgraded from Buy to Neutral by Citigroup, but the price target has been raised from $370 to $400.
The downgrade from Buy to Neutral indicates a less optimistic outlook for Goldman Sachs Gr, which could potentially lead to a decrease in demand for the stock. However, the increase in price target from $370 to $400 suggests that the stock is still expected to perform well, which could counteract any negative impact from the downgrade. Therefore, the overall short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100