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. Whitney has remained cautious ahead of Q4 on all the major banks because of consumer credit losses and additional writedowns. While that may not be as large of a situation at Goldman Sachs since they have no real bank, the price is now $190.00 or was before this morning’s drop.
It is too early to get a real handle on its pre-market trading, but shares appear to be down around $187 or so after closing at $190.15 on Monday.
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JON C. OGG
OCTOBER 13, 2009
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