BofA raised the firm’s price target on Goldman Sachs to $478 from $450 and keeps a Buy rating on the shares, telling investors that the bank’s Q1 results “provided a credible proof point for our positive investment thesis on the stock” as the firm contends that a more streamlined business mix and sharpened management focus should lead to better financial outcomes and has the potential to drive upside earnings surprises.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GS:
- GS Earnings: Goldman Sachs Delivers Better-Than-Expected Q1 Earnings
- Goldman Sachs Unveils Financial Results and Outlook in Call
- Options Volatility and Implied Earnings Moves Today, April 15, 2024
- Options Volatility and Implied Earnings Moves This Week, April 15 – April 19, 2024
- Here’s what Wall St. experts are saying about these banks ahead of earnings
