Investing

Goldman Sachs Buy Rating Changes (LYV, PCP, LLL)

Live Nation (NYSE: LYV) was added to Goldman Sachs BUY list this morning and at a $10.46 close it sees some 45% upside.  Goldman Sachs also noted that it sees the third and final transition year leading into a significant equity appreciation potential for 2009 to 2010.

Precision Castparts Corp. (NYSE: PCP) was added to the America’s CONVICTION BUY LIST with some 44% upside to its $158 target.  Goldman notes that shares are oversold at -20% year to date.

L-3 Communications (NYSE: LLL) has been removed from the America’s CONVICTION BUY LIST as valuations are now appropriate and leaving only 13% upside to its price target.

Jon C. Ogg
February 12, 2008

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