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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NEUTRAL IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100