Goldman Sachs Comments On Fortress Price Target

According to Goldman Sachs, Fortress Investment Group FIG reported its estimated June performance figures for Liquid strategies and May numbers for Credit hedge funds. Goldman Sachs said that the firm's Liquid performance deteriorated in June, with Global Macro now down 3.6% on the year. “Our 12-month price target remains unchanged at $6.50, implying 29% upside, and is based on P/E and SOTP analyses.” Fortress Investment Group closed yesterday at $5.01.