NEW YORK (TheStreet) -- Shares of Goldman Sachs Group (GS) are declining, lower by 1.15% to $194.62 in late morning trading Wednesday, after the global investment banking firm had its rating lowered to "neutral" from "positive" by analysts at Susquehanna today.
Susquehanna also cut its price target to $200 from $218, indicating a potential upside of 1.58% from the stock's previous close.
Analysts at Susquehanna cited valuation and the possibility of the fall in energy prices hurting banking action in 2015 for its downgrade and lowered price target.
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Goldman Sachs is an investment banking, securities and investment management firm that offers a range of financial services to a diversified client base including corporations, financial institutions, governments and high-net-worth individuals.
Separately, TheStreet Ratings team rates GOLDMAN SACHS GROUP INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate GOLDMAN SACHS GROUP INC (GS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, expanding profit margins, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."