Citi Maintains Buy on Goldman Sachs Group (GS)

Citi is out with its report today on Goldman Sachs Group GS, maintaining Buy. In a note to clients, Citi writes, "We rate the shares of Goldman Sachs Group Buy/HighRisk (1H). We view Goldman Sachs as a well managed franchise and believe its strong capital base and leading global position in investment banking, capital markets, trading, private equity and asset management offer equity investors a unique opportunity to gain exposure to long-term global economic expansion. Coming out of the crisis, management has bolstered liquidity, actively de-leveraged the balance sheet and significantly reduced high risk legacy assets." Citi maintains a $200 PT on GS. At the time of posting, shares of GS were trading pre-market at $153.21, up 0.89% from Tuesday's close.