Wells Fargo Downgrades Goldman Sachs

This is a news story, published by Yahoo Finance, that relates primarily to Wells Fargo news.

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Wells Fargo

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Goldman Sachs price target lowered to $680 from $720 at Wells Fargo

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Wells Fargo lowered the firm’s price target on Goldman Sachs (GS) to $ 680 from $ 720 and keeps an Overweight rating on the shares.

The firm is bullish on the sector on a one-year view citing the “biggest deregulation in three decades ,” but note that Q1 outlooks “may be tricky” given policy uncertainties.

Wells reduced estimates by 4% for Q1 and 2% through 2027 .

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