Goldman Sachs Research Summary (MAY 8, 2007)

May 8, 2007 by Douglas A. McIntyre

Goldman Sachs raised estimates on AngloGold (AU), Guitar Center (GTRC), Dolby (DLB), Darden Restaurants (DRI), Assured Guaranty (AGO), Fortress Investment Group LLC (FIG), Assurant (AIZ), McKesson (MCK), Emergency Medical Services (EMS), Warner Chilcott (WCRX), American Tower (AMT).

Goldman Sachs cut estimates on Johnson & Johnson (JNJ), Scientific Games (SGMS), Campanhia Vale do Rio Doce (RIO), Entercom (ETM), Hansen Natural (HANS), Encore Acquisition Company (EAC), SBA Communications (SBAC).

Goldman Sachs analyzed Limited Brands (LTD) on talk of its apparel division being up for sale and determined that it could fetch $1.1 Billion, although it maintains its $28 price target.

Goldman sets 2009 targets on Harlkey Davidson at $5.08 EPS on revenues of $6.8 Billion based on 413,000 motorcycle sales.

Fortress (FIG) estimate hike is based on launch of new $5 Billion fund announced.

J&J (JNJ) estimate cuts were based on COSTAR II result shortfall.

Jon C. Ogg
May 8, 2007

Jon Ogg can be reached at; he does not own securities in any of the companies he covers.