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Goldman upgraded at Macquarie; Citi cut

Published 11/18/2016, 07:42 AM
Goldman upgraded at Macquarie; Citi cut
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  • There aren't any details yet available, but the upgrade is worth noting on its own as it comes following a huge rally in bank stocks, and amid a wave of sell-side downgrades this week (as price target levels are breached).
  • Macquarie upgrades Goldman Sachs (NYSE:GS) to Outperform. The $245 price target suggests about 17% upside.
  • Goldman is higher by 24% over the past month - with nearly all of the advance since the election. Shares are up just 10% YTD.
  • Alongside, the team downgrades Citigroup (NYSE:C) to Neutral as the $56 price target is within pennies of being hit. Citi is higher by 14% over the past month and 7% YTD.


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