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Famed analyst Whitney downgrades market-leading stock before earnings
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Tuesday, October 13, 2009
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From 24/7 Wall Street:

Goldman Sachs Group Inc. (GS) is on deck for earnings this week.

Its earnings news may have just been derailed by a key influential analyst call. Meredith Whitney, now with Meredith Whitney Advisory Group rather than Oppenheimer, has come out and downgraded the stock. Goldman Sachs was her only "BUY" rated stock before this morning, and now the rating has been taken down to "NEUTRAL" ahead of earnings.

If you go back to when she raised her rating to a BUY it was at much lower prices (roughly $141 before her call) and she did note that her buy rating at the time was solely on a trade basis.

Read full article...

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Topics: Financials | Stocks
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