Goldman cuts European energy, insurance and bank ratings
Goldman Sachs downgraded European energy and insurance to underweight and banks to neutral, while nudging its 12-month STOXX 600 target up to 700 from 695.
What we know
Market news accounts report Goldman moved European energy to underweight, insurance to underweight from neutral and banks to neutral. It also raised its STOXX 600 target to 700 from 695.
What people are posting
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@FirstSquawk
“Goldman Sachs Raises Its STOXX 600 Outlook, Setting A 12-Month Target Of 700, Up From 695”
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“Goldman Sachs Turns Bearish On European Energy Stocks”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.