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Goldman Sachs: Credit Suisse raises price target

( - Credit Suisse raised its target price for the Goldman Sachs share to 262 dollars, saying that the Wall Street firm's quarterly earnings greatly exceeded expectations.

In a note to clients, the broker - which maintains an "outperform" rating on the shares - highlighted "steady progress" against the bank's strategic initiatives.

"We look forward to a progress check on strategic initiatives, an assessment of expense savings and a review of medium term financial targets (....) alongside fourth quarter earnings in January; this ought to be a positive catalyst for the shares," Credit Suisse wrote in the report.

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