Goldman Sachs: Jefferies trims TP
(CercleFinance.com) - Jefferies confirms its Buy rating on Goldman Sachs shares, trimming its target price for them from $387 to $384.
Following Goldman Sachs' quarterly results, the analyst has reduced his Q4 2023 and FY 2024 EPS estimates, which it now expects to reach $5.42 and $32 respectively, compared with $6.71 and $31.65 previously.
The broker also adds that "the uncertain regulatory backdrop, mgmt highlighted buybacks will moderate in the near term ($1.5B in 3Q23)".
Copyright (c) 2023 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.
Following Goldman Sachs' quarterly results, the analyst has reduced his Q4 2023 and FY 2024 EPS estimates, which it now expects to reach $5.42 and $32 respectively, compared with $6.71 and $31.65 previously.
The broker also adds that "the uncertain regulatory backdrop, mgmt highlighted buybacks will moderate in the near term ($1.5B in 3Q23)".
Copyright (c) 2023 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.