Goldman Sachs’ Target, Estimates Cut at Oppenheimer (GS)

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Financial services giant Goldman Sachs Group, Inc. ( GS ) on Friday saw its price target and earnings estimates lowered by analysts at Oppenheimer.

The firm said it now expects GS shares to reach $179, which still suggests a massive 33% upside to the stock's Thursday closing price of $135.01.

Oppenheimer also maintained its "Outperform" rating on GS but cut its earnings estimates to reflect lower expected investing and lending results.


Goldman Sachs shares fell $1.53, or -1.1%, in premarket trading Friday.

The Bottom Line
Shares of Goldman Sachs ( GS ) have a 1.04% dividend yield, based on last night's closing stock price of $135.01. The stock has technical support in the $129-$130 price area. If the shares can firm up, we see overhead resistance around the $140-$141 price levels.

Goldman Sachs Group, Inc. ( GS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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