They always have an agenda and of late are losing their clout, meaning they are not a good indicator of anything these days. Would not be surprised if there is little price change today for PBCT. Years ago, their word would mean something
Lloyd Blankfein is as corrupt as they come. His stock analysis, rather than be given with a grain of salt, should be attached to a large salt lick. Goldman slacks stock pays an anemic 1.3 percent dividend while PBCT pays 5 percent ... game, set and match!
Further thought ... I expect GS picks bank "winners" to issues notes calling them buys and some others they call "losers" and therefore issue a sell. This is a hedging situation, not really a good call against PBCT, IMHO. PBCT is considered to be healing nicely ... the New England market is a good bank market ... I live in it and see it every day