Goldman Sachs Boots Stocks From Lists (MYL, HPQ, CVLT)

Posted: February 7, 2008 at 8:30 am

Mylan Inc. (NYSE: MYL) has been removed from the Goldman Sachs Conviction List, although the firm is not downgrading its official rating.  Goldman Sachs has maintained its Buy rating and $19.00 price target and does continue to see upside as shares are currently at $13.81.  Part of the problem is that it does not expect to receive guidance until May. 

CommVault (NASDAQ: CVLT) is also being booted from Goldman Sachs’ Technology Framework Growth List since the stock is down over 18% since being added just on January 18, 2008.  The firm is still maintaining its official buy rating and it has a $21.00 price target.

Hewlett-Packard (NYSE: HPQ) is also removed from the Goldman Sachs Technology Framework Favorite Value List.  This removal is due to stop-losses on the lists since it is down 11% since being added in August 2007.  Goldman Sachs is keeping its Conviction Buy rating and has not changed estimates.

Jon C. Ogg
February 7, 2008

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