Goldman Sachs price target raised to $562 from $561 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Goldman Sachs to $562 from $561 and keeps an Overweight rating on the shares. Goldman Sachs received a 20 basis point reduction in the stress capital buffer through successful Fed dialogue, which the firm views as a win for the bank and the broader industry, the analyst tells investors in a research note. The firm added that Goldman now has more excess capital than prior estimates, opening the door for more buybacks.