NEW YORK (TheStreet) -- Shares of Goldman Sachs Group (GS) were slipping, down 1.26% to $215.65 in early market trading Wednesday, after analysts at Deutsche Bank downgraded the company to "hold" from "buy" this morning, following its strong share performance.
Deutsche Bank cited a valuation call for the rating cut, and noted that Goldman stock has risen about 30% since July of last year.
Analysts set a $205 price target, saying they see a lack of catalysts to drive the stock higher in the near term.
Deutsche also downgraded shares of Citigroup (GS) this morning for the same reasons.
New York City-based 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, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."