Goldman Sachs Asset Management Announces Quarterly Distribution of $0.220 Per Share
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Jefferies bullish as they wait for updates at Goldman Sachs’ (GS) investor day
February 10, 2023 11:26 AM ESTJefferies reiterated a Buy rating on Goldman Sachs (NYSE: GS) and raised their price target on the stock to $420.00 (From $393.00) ahead of the companys investor day on 2/28.
Jefferies analyst, Daniel Fannon expects GS to reiterate their 15%-17%+ medium-term ROTCE and 60% efficiency ratio targets. Recent cost initiatives focused on headcount reductions are expected to drive $475M in run-rate savings (~$200M realized in 2023). However, this is... More
