Daiwa raised the firm’s price target on Goldman Sachs to $550 from $510 and keeps an Outperform rating on the shares. Net interest income for the U.S. major banks looks set to pick up after bottoming in Q2, the analyst tells investors in a research note. Daiwa maintains a Positive sector rating in view of healthy operating fundamentals. The outlook is premised on gradual rate cuts and a soft landing for the U.S. economy, it adds.
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