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Goldman Sachs Boasts 'Near-Perfect' Q1 Results, 5 Analysts Zero In On 'Core Strengths'

Goldman Sachs Group Inc (NYSE: GS) and other financial stocks have been in focus as some of the sector’s biggest banks report first-quarter results. Here are some key analyst takeaways from Goldman Sachs’ release. Argus Research analyst Stephen Biggar upgraded the rating to Buy, while keeping the price target unchanged at $465. JPMorgan analyst Kian Abouhossein reiterated an Overweight rating, while raising the price target from $424 to $433. BMO Capital Markets analyst James Fotheringham maintained a Market Perform rating, while lifting the price target from $349 to $360. Keefe, Bruyette & Woods analyst David Konrad reaffirmed an Outperform rating and price target of $485. Oppenheimer analyst Chris Kotowski reiterated an Outperform rating and price target of $479. Check out other analyst stock ratings. Argus Research: Goldman Sachs’ first-quarter results demonstrated the “considerable strengths” of its franchise “during an investment banking upturn,” Biggar said in the upgrade note. The current spike in the investment banking environment “appears ...