BEST OF THE BROKERS
GOLDMAN SACHS
JP Morgan Cazenove rates Goldman Sachs as “overweight” despite disappointing second quarter results. JP Morgan said that it has lowered its earnings per share predictions for Goldman, but believes the bank still maintains a strong position in its peer group, and that its potential for restructuring could help offset any negative impact.
GOLDMAN SACHS
JP Morgan Cazenove rates Goldman Sachs as “overweight” despite disappointing second quarter results. JP Morgan said that it has lowered its earnings per share predictions for Goldman, but believes the bank still maintains a strong position in its peer group, and that its potential for restructuring could help offset any negative impact.
RYANAIR
Citigroup rates Ryanair as “buy”, despite results for the June quarter being lower than expected. Lower ticket price revenue and the effects of the volcano were the main causes, according to Citi, which predicts margins will recover from a strong September quarter onwards. Citi gives the Irish budget airline a target price of €4.60.