Oppenheimer analyst Chris Kotowski raised the firm’s price target on Goldman Sachs to $483 from $433 and keeps an Outperform rating on the shares following quarterly results. As expected, Q2 was largely a “kitchen sink” quarter containing an aggregate after-tax $1.4B impact. Not ideal, but should the house have been properly cleaned-which the firm expects it was-the stage is set for performance to be benchmarked towards recent Investor Day targets, Oppenheimer says.
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