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.
Wednesday, April 20, 2011
Citigroup (C) Recommends Buying Goldman (GS) on Dip
Labels:
Citigroup,
Goldman Sachs
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