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

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)
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Comments (1)
  • Ted Bear
    , contributor
    Comments (651) | Send Message
     
    When you have every central banker in the world as an alum, taking on risk has a whole different meaning. Regulatory 'headwinds' are whatever GS decides they will allow.
    16 Jul 2013, 02:54 PM Reply Like
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