trending Market Intelligence /marketintelligence/en/news-insights/trending/UvwVkyk18zSKf2BLCcfPuQ2 content esgSubNav
In This List

Odeon Capital upgrades Goldman Sachs over long-term business plan

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Data Insights: Enhancing regulatory compliance and client lifecycle management.

Blog

Banking Essentials Newsletter: 17th April Edition

Blog

Banking Essentials Newsletter: 7th February Edition


Odeon Capital upgrades Goldman Sachs over long-term business plan

Odeon Capital Group analyst Dick Bove upgraded Goldman Sachs Group Inc. over its "well-thought-out business plan" in the longer term.

The analyst said while the company delivered strong operating numbers for the fourth quarter of 2019, the primary reason for the upgrade is that Goldman Sachs now has a comprehensive plan for the creation of recurring revenue streams in the future.

Aside from dissecting its product offerings, Goldman Sachs is also rethinking who its customers should be, and building partnerships and internal efforts to reach a larger audience, Bove wrote.

Bove upgraded Goldman Sachs to "buy" from "hold" with a price target of $280 per share.