Goldman Sachs price target lowered to $828 from $854 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Goldman Sachs (GS) to $828 from $854 and keeps an Equal Weight rating on the shares. Commenting on why the stock price was down 2% when EPS beat consensus by 11%, the firm contends that bulls were looking for an “even bigger and higher quality” EPS beat. A tighter SLR is reducing the firm’s forecast for buybacks in Q4 of this year to Q4 of next, driving down its 2027 EPS outlook by 3%, the analyst added.