Goldman Sachs (GS -1.4%) is downgraded to Outperform from Buy by CSLA's Mike Mayo, even as he...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Goldman Sachs (GS -1.4%) is downgraded to Outperform from Buy by CSLA's Mike Mayo, even as he raises his price target to $185 from $176 and ups earnings estimates through 2015. It's mostly a valuation call, but Mayo also notes the firm taking more risk in trading and investments, as well as continued regulatory and global macro headwinds. (earnings earlier) (CC transcript)