Goldman Sachs price target raised to $470 from $460 at JMP Securities

JMP Securities analyst Devin Ryan raised the firm’s price target on Goldman Sachs to $470 from $460 and keeps an Outperform rating on the shares. While Goldman’s Q1 earnings included some "noise," it was a stronger quarter than the headline suggests, with an outlook that was also a bit better than the firm expected, the analyst tells investors in a research note. Management’s tone on the call was "a bit" more constructive than expected, but JMP thinks Goldman Sachs is well suited to navigate a complicated environment and take market share along the way.