Litigation issues not only impact a company's reputation but also dent its financials. Further, the new regulatory reform will continue to pressure trading revenues, which will hurt the profitability of Goldman in the upcoming quarters.
Our six-month target price of $142.00 equates to about 9.5x our earnings estimate for 2010. Combined with the $1.40 per share annual dividend, this price target implies an expected negative total return of 8.5% over that period, which is consistent with our Underperform recommendation.
GOLDMAN SACHS (GS): Free Stock Analysis Report
GOLDMAN SACHS (GS): Free Stock Analysis Report
GOLDMAN SACHS (GS): Free Stock Analysis Report
GOLDMAN SACHS (GS): Free Stock Analysis Report
Zacks Investment Research
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