Goldman Sachs On Investment Banks: Bullish On Jefferies, Sidelines Evercore
Portfolio Pulse from AJ Fabino
Goldman Sachs has upgraded Jefferies Financial Group Inc (JEF) from a Neutral rating to a Buy rating with a $40 price target, citing its promising long-term growth potential and strong near-term prospects. On the other hand, Evercore Inc (EVR) was downgraded from a Buy rating to a Neutral rating with a $140 price target due to concerns about its near-term revenue growth and rising antitrust concerns.
August 22, 2023 | 4:04 pm
News sentiment analysis
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POSITIVE IMPACT
Jefferies Financial Group Inc (JEF) has been upgraded by Goldman Sachs due to its promising long-term growth potential and strong near-term prospects.
The upgrade by Goldman Sachs is based on Jefferies' promising long-term growth potential and strong near-term prospects. This could lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Evercore Inc (EVR) has been downgraded by Goldman Sachs due to concerns about its near-term revenue growth and rising antitrust concerns.
The downgrade by Goldman Sachs is based on concerns about Evercore's near-term revenue growth and rising antitrust concerns. This could lead to decreased investor interest and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100