Analyst Cuts The Goldman Sachs Group (GS) Price Target, Increases Q2 EPS Estimate

The Goldman Sachs Group, Inc. (NYSE:GS) is included among the 15 Best Blue Chip Stocks to Buy Now.

The Goldman Sachs Group, Inc. (NYSE:GS) is a leading global investment banking, securities, and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments, and individuals.

On April 6, Jefferies lowered its price target on The Goldman Sachs Group, Inc. (NYSE:GS) from $1,125 to $1,049, but maintained its ‘Buy’ rating on the shares. Despite trimming the bank’s price target, which still indicates an upside of over 15% from the current levels, Jefferies increased its Q2 EPS estimate for Goldman by 11% to $15.60. This is still down from the consensus of $16.29.

Similarly, the following day, UBS also reduced its price target on The Goldman Sachs Group, Inc. (NYSE:GS) from $990 to $930, while keeping a ‘Neutral’ rating on the shares. The target cut comes as the analyst firm revised its targets in the large-cap banks and consumer finance group as a part of a Q1 preview (read the details here).

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