The Latest Breaking News from Goldman Sachs

Goldman Sachs analyst Bonnie Herzog downgraded Philip Morris International Inc (NYSE:PM) to Neutral from Buy with a price target of $100, down from $116, implying a 6.22% upside. The analyst thinks that given the risk in the situation of Russia and Ukraine, the management will be forced to lower the FY22 outlook as Philip Morris…

According to Goldman Sachs Group Inc (NYSE: GS), roughly $3.5 trillion of single-stock and index-level options will expire in a quarterly event, dubbed triple witching, 

Goldman Sachs analyst Alexander Duval upgraded ASML Holding NV (NASDAQ:ASML) to Conviction Buy from Buy with a €930 price target (57.20% upside).  Duval sees ASML as a "core Digital Enabler" given its monopoly position on Extreme Ultraviolet Lithography. ASML's de-rating from 29-times price to expected 2025 earnings to 23-times despite improving orders and customer datapoints…

Toshiba Corp (OTC:TOSYY) director American Raymond Zage locked horns with the board as he agreed to back a resolution that could lead to a potential buyout, Reuters reports Zage, a former Goldman Sachs banker and hedge fund manager, looked to back the resolution at next week's extraordinary shareholder meeting. Zage believed he…

Russia’s invasion of Ukraine has resulted in a sudden spike in gold prices to two-year highs. In the wake of recent geopolitical events, Goldman Sachs has increased its gold price projections due to growing demand. Thus, we think it could be profitable to invest now in the stocks of fundamentally…

Goldman Sachs analyst Adam Samuelson downgraded Hormel Foods Corp (NYSE:HRL) to Sell from Neutral with a $44 price target, implying a 12.07% downside. Samuelson warned that the Russia-Ukraine conflict might become one of the most disruptive events across the food and agricultural supply chain. The analyst expects material fertilizer supply shocks across nutrients. Samuelson views…

Oil and gas price increases and a flattening yield curve are raising recessionary concerns. Furthermore, Goldman Sachs (GS) has warned of a 20% - 35% chance of a recession. Amid this uncertainty, we believe the sturdy stocks BHP Group (BHP), Lockheed Martin (LMT), and Snap-on (SNA) might be ideal additions…

Kaspien Holdings Inc (NASDAQ:KSPN) has promoted senior finance executive Brock Kowalchuk as the interim Chief Executive Officer, effective March 11, 2022. Kaspien also disclosed that Kunal Chopra is no longer employed by the company, effective March 11, 2022. The company did not reveal any reason for Chopra's departure. Kowalchuk joined Kaspien in September of…

There’s a life I want to live that doesn’t have me shackled to debt, and I couldn’t keep waiting for someone else to get me there.

CNBC

Goldman Sachs Group Inc (NYSE:GS) analysts downgraded forecasts for U.S. economic growth for this year, reckoning that spikes in oil and other commodities since Russia's invasion of Ukraine will hurt spending, reported Reuters. The investment bank cut its annualized growth forecast to 2.9% against a previous expectation of 3.1%.  It expects fourth-quarter…