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Buy Goldman on 'New World Order' - Macquarie

Published 11/18/2016, 02:46 PM
Buy Goldman on 'New World Order' - Macquarie
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  • In a note titled "Universal Banks: A New World Order," Macquarie's David Konrad recommends clients shift exposure to those banks with the most leverage to capital markets, and away from those who could get hurt by slower trade and higher currency volatility, particularly in emerging markets.
  • Thus his upgrade of Goldman Sachs (GS +0.4%) to Buy, and downgrade of Citigroup (C) to Neutral.
  • According to TipRanks, Konrad's record puts him in the top 10% of all Wall Street analysts covering any industry.
  • Previously: Goldman upgraded at Macquarie; Citi cut (Nov. 18)


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