Goldman Sachs: BofA still a buyer

(CercleFinance.com) - Bank of America renewed its buy rating on the Goldman Sachs stock on Wednesday, with an unchanged target price of $384.


While the investor day did not break bricks (as expected), analysts believe that management has insisted on the themes that investors wanted to hear, they said.

According to BofA, the meeting reinforced the view that Goldman is in a position to increase its return on equity (ROE) to between 14% and 16%.


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