Citi has changed the rating of the shares Goldman Sachs, as it believes that the published results of the bank statements for the first quarter were unusual and one-time phenomenon. Thus, the rating was upgraded from "sell" to neutral.
Recall that after data on Tuesday, shares of Goldman responded fall by 5%. Analysts say that investors should not be so responsive to the output report, since the relative quotation of shares at the moment is much better than when the market participants take into account the volatility of the internal trade performance.
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In addition, experts believe that the price of shares of Goldman goal - $ 225, this mark is 4% above the close on Tuesday. But at the same time, it was lowered forecasts for earnings per share for 2017 from $ 18.65 to $ 18.45. Recall, the consensus on Wall Street is at $ 19.58.
Analysts also note that to date the stock is fairly valued, since all the factors taken into account in current prices is easing regulations and regulators to improve the economic outlook.
Based on materials WELTRADE
