Goldman Sachs: Jefferies raises target price
(CercleFinance.com) - Jefferies reaffirms its 'buy' recommendation on Goldman Sachs shares, with a target price raised from $471 to $478, in the wake of a quarterly publication that leads it to raise its EPS expectations to $9.
26 for Q2 and $39.85 for FY 2024.
Momentum across the platform shone in the first quarter, with the positive trend continuing, albeit moderating from the seasonally strong start to the year, the broker points out.
Return on capital is likely to remain around recent levels ($1.5bn in share buybacks) until the regulatory framework becomes clearer, Jefferies adds.
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