Citigroup's Keith Horowitz isn't going to pile on Goldman Sachs (NYSE:GS) after the bank's lame Q1. Instead, he's taking the opportunity of yesterday's post-earnings tumble to pull his Sell rating on the stock.
This just in: Goldman is down 15% since the start of March, and Horowitz says risk/reward is more balanced.
It would be a mistake, he says, to extrapolate disappointing FICC results in Q1.
Shares are higher by 0.85% premarket.
Now read: Goldman Makes A Three Quarter Trip »