Nomura Securities Raises Price Target for Goldman Sachs (GS)

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On Wednesday analysts at Nomura Securities increased the price target for Goldman Sachs Group, Inc. ( GS ) following a strong third quarter report.

Goldman Sachs' new price target is $144, up from $128. The new target is a 16.9% increase from Tuesdays closing price of $123.22.

Nomura Securities analyst Glenn Schorr commented that the positive third quarter earnings plus strong potential for the stock over the next six months is why the firm maintains GS' "Buy" rating and an increase in price target.

Goldman Sachs share was up $1.05, or .85%, in morning trading on Wednesday.

The Bottom Line
Shares of Goldman Sachs ( GS ) will have a 1.62% dividend yield, based on last night's closing stock price of $123.22. The stock has technical support in the $115 price area. If the shares can firm up, we see overhead resistance around the $128-$135 price levels.

Goldman Sachs Group, Inc. ( GS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 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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This article appears in: Investing , Stocks

Referenced Stocks: GS

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