Goldman Sachs was “buying more illiquid assets than we probably should have,” Viniar, 55, said today at a conference in Miami hosted by Credit Suisse Group AG, his eighth consecutive appearance at the annual event. “It was a good lesson learned.” [Bloomberg]
Article courtesy of Dealbreaker
Goldman Sachs analyst Jason Armstrong today flipped his ratings on Verizon Communications (VZ) and AT&T (T) in the wake of yesterday’s unveiling of the Apple (AAPL) iPhone at Verizon: Verizon becomes a Buy, from a Neutral, with a $42 price target, up from $34, and AT&T becomes a Neutral from [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Goldman Sachs analyst James Covello and his team-mates today cut their outlook on semiconductor and semiconductor equipment maker stocks to Neutral overall, from Attractive previously, writing that both groups have on average outperformed the S&P since mid- to late-2008, making their stock valuations less attractive at present.
After a period of [...]
Article courtesy of BARRONS.com: Tech Trader Daily
$$$ Fed’s Yellen Says Low Rates May Prompt Risk-Taking [Bloomberg]
$$$ Russian bank explains hiring of spy Anna Chapman [AP]
$$$ “Michelle Caruso-Cabrera..Should Run For Office” [BI]
$$$ Now Goldman Sachs Is Freezing Foreclosures [NetNet]
$$$ McRib Tests Limits Of Loyalty [WSJ]
Article courtesy of Dealbreaker
Goldman Sachs analyst Matthew Fassler this morning cut his rating on Barnes & Noble (BKS) to Sell from Neutral, while cutting his price target on the book retailer to $13, from $15.
“Secular challenges remain acute, with recent developments including broader stocking of e-readers across an array of retailers, undermining the [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Goldman Sachs analyst Craig Hettenbach this morning picked up coverage of the contract electronics manufacturing sector, starting Jabil (JBL) with a Buy rating, Sanmina-SCI (SANM) with a Hold rating and Flextronics (FLEX) with a Sell.
Hettenbach notes that the $160 billion industry has a long-term growth rate of 8%-10%, a bit [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Yes, though the situation is fluid. Kate Kelly reports:
“WE HAVE A NEW DEVELOPMENT THIS MORNING ON GOLDMAN SACHS PRINCIPLE STRATEGIES, THE PROP TRADING UNIT IN GOLDMAN SACHS EQUITY DIVISION WHICH I UNDERSTAND IS IN DISCUSSIONS WITH A HANDFUL OF POTENTIAL ACQUIRERS, INCLUDING KKR. IT SOUNDS AS THOUGH THE U.S. ARM OF GSPS, WHICH IS A FEW DOZEN TRADERS, UNDER FIFTY, I AM TOLD ACTUALLY MAY BE ACQUIRED BY A PRIVATE EQUITY FIRM LIKE KKR IN THE U.S. THE ASIAN AND EUROPEAN ARMS OF GSPS, IT’S UNCLEAR THAT THEY ARE INVOLVED. WE HAVE REPORTED THAT MORGAN ZI WHO RUNS THE UNIT GLOBALLY OUT OF HONG KONG MAY BE EXPLORING OPTIONS FOR STARTING HIS OWN HEDGE FUND AND I AM TOLD THOSE PLANS ARE UNCHANGED BUT THERE ARE TALKS GOING ON THE VALUATION IS UNCLEAR BUT WE WILL KEEP YOU ON THE DEVELOPING STORY.
Article courtesy of Dealbreaker
Goldman Sachs analyst Derek Bingham today flipped his ratings on Akamai (AKAM) and Nuance (NUAN), moving to Buy from Neutral on AKAM, while dropping NUAN to Neutral from Buy.
For AKAM, he raised his 2010 non-GAAP EPS estimate by a penny to $1.47, while lifting his price target to $49, from [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Goldman Sachs analyst Morry Brown this morning downgraded shares of the online diamond merchant Blue Nile (NILE) to Neutral from Buy, with a new target of $42, down from $58, after the company reported disappointing Q2 results.
As Brown notes, Q2 profits of 19 cents a share fell short of the [...]
Article courtesy of BARRONS.com: Tech Trader Daily
A trio of analysts this morning launched coverage of Broadsoft (BSFT), a provider of voice over IP software which went public in June at $9 a share.
Goldman Sachs analyst Simona Jankowski started coverage with a Neutral rating and $10 target. She writes that she is positive on on the [...]
Article courtesy of BARRONS.com: Tech Trader Daily