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Oppenheimer Lowers EPS Estimate on Goldman Sachs (GS)
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Oppenheimer Lowers EPS Estimate on Goldman Sachs (GS)
Oppenheimer lowered its Q2 EPS estimate for Goldman Sachs (NYSE:GS) to $2.40 from $3.40, reflecting the firm’s reduced outlook for Goldman's investing and lending operations. The firm maintains an Outperform rating on the stock.Goldman Sachs Group has a potential upside of 37% based on a current price of $135.01 and an average consensus analyst price target of $184.95.Goldman Sachs Group is currently below its 50-day moving average (MA) of $139.06 and below its 200-day MA of $155.94. In the last five trading sessions, the 50-day MA has fallen 0.79% while the 200-day MA has slid 0.16%.
Video Length: 0
Date Found: July 08, 2011
Date Produced: July 08, 2011
View Count: 0
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