Goldman Sachs shares are trading lower amid weakness in the financial sector as stocks sell off on rising Treasury yields. Additionally, Morgan Stanley maintained an Equal-Weight rating on the stock and lowered its price target from $347 to $329.
Portfolio Pulse from Bill Haddad
Goldman Sachs shares are trading lower due to weakness in the financial sector and rising Treasury yields. Morgan Stanley has maintained an Equal-Weight rating on the stock and lowered its price target from $347 to $329.
October 03, 2023 | 5:45 pm
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Goldman Sachs shares are trading lower due to weakness in the financial sector and rising Treasury yields. The stock's price target has been lowered by Morgan Stanley.
The news directly impacts Goldman Sachs as it mentions a drop in its share price due to market conditions and a lowered price target by Morgan Stanley. This could lead to a negative sentiment among investors, potentially causing a further decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100