Goldman Sachs price target raised to $680 from $592 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Goldman Sachs (GS) to $680 from $592 and keeps an Equal Weight rating on the shares. The firm expect robust equities trading activity, with investment banking revenues better than management guidance, the analyst tells investors in a research note. With capital requirements lower following last week’s stress test, the firm expects management will begin to provide visibility on share buyback plans and management buffers.