Goldman Sachs price target raised to $360 from $357 at BMO Capital

BMO Capital raised the firm’s price target on Goldman Sachs to $360 from $357 but keeps a Market Perform rating on the shares after its “big but messy beat” on Q4 results. The firm is encouraged by the company’s “notably constructive” comments regarding near-term capital markets recovery, just as management continues its efficacious execution on initiatives to transform business mix back to core competencies, though it is also concerned about the potential valuation implications of Goldman Sachs’s increasing exposure to more volatile revenues in the Global Banking & Markets segment, the analyst tells investors in a research note.