JMP Securities Maintains Market Outperform on Goldman Sachs Gr, Lowers Price Target to $440
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Devin Ryan has maintained a 'Market Outperform' rating on Goldman Sachs Group (GS) but lowered the price target from $450 to $440.
October 10, 2023 | 4:23 pm
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Goldman Sachs' price target has been lowered by JMP Securities from $450 to $440, though the 'Market Outperform' rating is maintained.
The lowering of the price target by JMP Securities could potentially create a negative sentiment among investors. However, the maintenance of the 'Market Outperform' rating indicates that the analyst still sees potential in the stock, which could balance out any negative impact.
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IMPORTANCE 80
RELEVANCE 100