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Checking Goldman Sachs Ahead of Earnings

Checking Goldman Sachs Ahead of Earnings

Goldman Sachs is scheduled to report its third-quarter earnings figures in about a week and a half and the financial powerhouse and a sell-side firm was just raised its recommendation to a "buy" (outperform) with a $429 price target. Many market watchers will be closely watching the earnings of the banks in the days and weeks ahead so let's dive in and check the charts of Goldman. In the daily bar chart of GS, below, we can see that shares declined earlier this year along with many other financial institutions.