Citigroup (C) Recommends Buying Goldman (GS) on Dip

After a very weak and disappointing quarterly report, shares of Goldman Sachs (NYSE:GS) came under pressure, resulting in what Citigroup calls an attractive entry point.

Goldman fell over 1.2 percent on Tuesday, and is close to 6 percent below a high it established in early April of $162.

Citigroup advises investors to buy Goldman on the dip, pointing to expectations the share price of the company will continue to rise.

Goldman was trading at $152.42, gaining $0.56, or 0.37 percent, as of 12:47 PM EDT. Citigroup reiterates a "Buy" rating on Goldman with a price target of $200.