) from Buy to Neutral. Goldman Sachs said, "Following Barclays' Strategic Review, we view the risk/reward in the shares as broadly balanced. Consequently, we remove the stock from our Buy List and downgrade to Neutral. … We consider it unlikely that the announced strategy re-sets market expectations of Barclays' cost of capital or growth profile. Consequently, we expect any re-rating of the stock from here to be gradual – tracking improvement in reported returns – rather than front-loaded. Against this backdrop – and with 5% potential upside to our ROE/COE based 12 month price target of 340p (from 350p) – we remove the stock from the Buy List and downgrade to Neutral." Barclays plc closed at $20.01 on Tuesday.