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Wednesday, December 29, 2010

Goldman's (NYSE:GS) EPS Estimate Slashed by Mike Mayo

Goldman Sachs (NYSE:GS) had its EPS estimate cut deeply by Credit Agricole analyst Mike Mayo after saying he sees FICC trading results falling far short of expectations.

For the fourth quarter, he cuts his EPS estimate from $4.20 to $3.75. The Street is looking for $4.11 in the fourth quarter.

Mayo also cut his full year 2010 EPS estimate from $13.55 to $13.10. The Stree has a full year 2010 EPS target of $13.49 on them.

Mayo reiterates his "Buy" rating on Goldman, which was trading at $168.40, falling $0.79, or 0.47 percent, as of 12:02 PM EST. He has a price target of $200 on them.

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