“GOLDMAN’S LAST BEARISH ANALYST
UPGRADES STOCK AS RISKS FADE
“For the first time this year, no analyst on Wall Street recommends selling shares of Goldman Sachs Group Inc.
“Atlantic Equities analyst John Heagerty lifted his view on the stock to neutral from underweight on Tuesday, removing Goldman’s only bearish rating, according to data compiled by Bloomberg. He cited fewer risks ahead and encouraging signs hidden in the bank’s weak second-quarter results. ” [Emphasis added.]
I mean, sure, why not? It’s amazing how much more attractive a business can look once it stops doing dumb things.P.S. Then again, DJ DSol is still on the job, so who knows what’s still in store. P.P.S.Obligatory disclaimer: Not a recommendation!
The sell side starts to warm up to Goldman. Sort of.
By Thomas K. Brown,
GETTING CLEARER: I can see the logic here, to tell you the truth:
“GOLDMAN’S LAST BEARISH ANALYST
UPGRADES STOCK AS RISKS FADE
“For the first time this year, no analyst on Wall Street recommends selling shares of Goldman Sachs Group Inc.
“Atlantic Equities analyst John Heagerty lifted his view on the stock to neutral from underweight on Tuesday, removing Goldman’s only bearish rating, according to data compiled by Bloomberg. He cited fewer risks ahead and encouraging signs hidden in the bank’s weak second-quarter results. ” [Emphasis added.]
I mean, sure, why not? It’s amazing how much more attractive a business can look once it stops doing dumb things. P.S. Then again, DJ DSol is still on the job, so who knows what’s still in store. P.P.S. Obligatory disclaimer: Not a recommendation!