Goldman Sachs: Jefferies trims TP

(CercleFinance.com) - Jefferies confirms its Buy rating on Goldman Sachs shares, trimming its target price for them from $387 to $384.


Following Goldman Sachs' quarterly results, the analyst has reduced his Q4 2023 and FY 2024 EPS estimates, which it now expects to reach $5.42 and $32 respectively, compared with $6.71 and $31.65 previously.

The broker also adds that "the uncertain regulatory backdrop, mgmt highlighted buybacks will moderate in the near term ($1.5B in 3Q23)".


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