Goldman Sachs: Credit Suisse ups target but cuts estimates.
(CercleFinance.com) - Credit Suisse raised its target price on the Goldman Sachs share on Wednesday, from 230 dollars to 240 dollars, while reducing its earnings estimates on the New York-based investment bank.
The brokerage firm - which maintains its "outperform" rating on the shares - said that it has cut its estimates to better reflect the current low volume/low volatility trading environment.
Factoring in the current banking and asset management background, Credit Suisse thinks lower volumes and volatility are weighing on fixed income trading in particular and has hence reduced its estimates for Q2.
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The brokerage firm - which maintains its "outperform" rating on the shares - said that it has cut its estimates to better reflect the current low volume/low volatility trading environment.
Factoring in the current banking and asset management background, Credit Suisse thinks lower volumes and volatility are weighing on fixed income trading in particular and has hence reduced its estimates for Q2.
Copyright (c) 2017 CercleFinance.com. All rights reserved.