Goldman Sachs: Jefferies maintains buy rating after contact
(CercleFinance.com) - Jefferies reinstates its 'buy' rating on Goldman Sachs shares, along with a target price of 355 dollars, following a recent meeting with the CFO and co-head of investment banking (IB).
Analysts say that "With capital markets activity still subdued, global markets remains the standout segment as volatility and client engagement across FICC and equities is solid".
"Leading market share across the IB franchise positions GS well for when activity levels increase," the broker continues, adding that (share) "Buybacks remain a priority" for the financial institution.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Analysts say that "With capital markets activity still subdued, global markets remains the standout segment as volatility and client engagement across FICC and equities is solid".
"Leading market share across the IB franchise positions GS well for when activity levels increase," the broker continues, adding that (share) "Buybacks remain a priority" for the financial institution.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.