Morgan Stanley analyst Betsy Graseck raised the firm’s price target on Goldman Sachs (GS) to $706 from $680 and keeps an Equal Weight rating on the shares. The bank reported a “high quality” 10% earnings beat in Q2 but market expectations were high into the print, the analyst tells investors in a research note. Morgan Stanley believes Goldman shares are fully valued at current levels.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GS:
- Micron Stock (MU) Slides after Goldman Sach Downgrades Competitor
- Goldman Sachs price target raised to $765 from $580 at Argus
- Goldman Sachs price target raised to $782 from $775 at BofA
- Positive Outlook for Goldman Sachs: Buy Rating Affirmed Amid Strong Performance and Growth Prospects
- Balanced Outlook for Goldman Sachs: Strong Earnings Amid Valuation Concerns