"Founded in 1869, Goldman Sachs is the world's second-largest investment bank by revenue and is ranked 55th on the Fortune 500 list of the largest U.S. corporations by total revenue. The Wall Street white-glove giant offers financing, advisory services, risk distribution, and hedging for the firm's institutional and corporate clients. In addition, it provides advice, investing, and execution for institutions and individuals across public and private markets."
"It is always a good sign when the Goldman Sachs team starts raising price targets on Buy-rated stocks. Typically, when a stock has been performing well and its target price is increased, it means that analysts are optimistic about what they see six to 12 months ahead. When we see significant price increases of 10% or more, it is time to share this with our readers. Here are four that appear to be outstanding ideas for growth and income investors."
Goldman Sachs, founded in 1869, is the world's second-largest investment bank by revenue and ranks 55th on the Fortune 500 by total revenue. The firm provides financing, advisory services, risk distribution, and hedging for institutional and corporate clients, and offers advice, investing, and execution for institutions and individuals across public and private markets. Goldman Sachs' research team increases price targets on Buy-rated stocks when analysts see optimism for the next six to 12 months, and significant target increases of 10% or more are flagged as outstanding ideas. One highlighted idea is Altria, a leading producer and marketer of cigarettes and other tobacco-related products that offers a 6.21% dividend yield and sells primarily to wholesalers and large retail organizations.
Read at 24/7 Wall St.
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