Evercore ISI raised the firm’s price target on Goldman Sachs (GS) to $830 from $752 and keeps an Outperform rating on the shares. Big banks had “a stellar summer,” with stocks rallying about 20% over the season, the analyst noted. While some banks hinted at a strong quarter, the firm sees potential for “beat & raises,” especially for JPMorgan (JPM) and Goldman, though it notes that Citi (C) might face a downward revision due to its Banamex stake sale.
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