RBC Capital analyst Gerard Cassidy raised the firm’s price target on Goldman Sachs (GS) to $1,030 from $900 and keeps a Sector Perform rating on the shares after its Q4 results. The company is a preeminent global investment bank with a leading position in the global markets and has been the #1 Global-M&A Advisor for the last 20 years, the analyst tells investors in a research note. Goldman is also well capitalized and has been good steward of shareholders’ capital by reducing its share-count by estimated 46% since its peak in Q1 of 2010, the firm added.
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