Seaport Global analyst Jim Mitchell says that while there were no material surprises coming out of Goldman Sachs’ investor day, the incremental takeaways were positive. Management was constructive on the trading revenue environment in the near term, including expectations of continued growth in "more durable" financing revenue this year and next, the analyst tells investors in a research note. Longer term, management’s emphasis on exploring strategic options for the consumer finance businesses was new and a potential catalyst, says the firm. It believes investors have "overly punished" the stock says Goldman remains a top pick with a Buy rating and $427 price target.
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