Keefe Bruyette analyst Christopher McGratty raised the firm’s price target on Goldman Sachs (GS) to $870 from $850 and keeps a Market Perform rating on the shares. The near-term fundamental outlook remains strong with elevated M&A volumes, increased CEO confidence, and elevated client engagement, while greater regulatory clarity provide a medium-term catalyst for normalizing capital levels and further improving Goldman’s ROTCE, the analyst tells investors in a research note.
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