Deutsche Bank downgrades Goldman Sachs (NYSE:GS) to Hold from Buy this morning. Price tgt is cut to $192 from $209, with Q3 earnings per share view cut to $2.40 from $3.25.
2008 earnings per share view goes to $14.60 from $16.25.
Notablecalls: I expect GS to trade below $170 in the n-t. Note that Ladenburg Thalmann's Richard Bove cut Goldman Sachs fiscal 2008, 2009 EPS yesterday before close.
It looks like the analyst community is starting to realize ibanks have difficult times ahead.