Keefe Bruyette analyst David Konrad lowered the firm’s price target on Goldman Sachs (GS) to $585 from $600 and keeps a Market Perform rating on the shares. The bank reported a mixed quarter with a strong headline beat that benefited from a lower tax rate and good expense management, the analyst tells investors in a research note. The firm believes continued economic uncertainty and widening credit spreads may hold back Goldman’s revenue growth near term.
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