Goldman Sachs Cuts Targets for China Stocks Second Time in April

Corporate America’s price targets and profit estimates are getting slashed all over Wall Street

Analysts are getting less optimistic on operating performance and how high stocks will go, but more optimistic that they’ll at least go higher....

Goldman Sachs Cuts Targets for China Stocks Second Time in April

Strategists at Goldman Sachs Group Inc. cut their targets for key Chinese stock indexes for a second time this month, citing heightened trade tensions with the US.

David Solomon stated that uncertainty about growth and “fears about the potentially increasing effects of a trade war” created “material risks” for the U.S. and global economy

Goldman Sachs cuts China stock market targets again amid US trade tensions

Goldman Sachs has once again lowered its targets for major Chinese stock indexes, citing growing trade tensions between the US and China.

Goldman Cuts Targets On China Stocks For Second Time This Month

Strategists at Goldman Sachs Group Inc. cut their targets for key Chinese stock indexes for a second time this month, citing heightened trade tensions with the US.“US-China trade tensions have soared to unprecedented levels, prompting concerns about global recession, and decoupling risks between the two largest economies globally in other strategic cohorts, notably capital markets, technology, and geopolitics,” a team led by Kinger Lau wrote in …

Goldman Sachs is about to report income from the first quarter

David Solomon, CEO of Goldman Sachs, testifies during a hearing of the Senate Bank Committee in the heart Senate Office Building in Washington, DC, on December 6, 2023. Win McNamee | Getty images Goldman Sachs is planned to report the profit of the first quarter for the opening bell Monday. This is what Wall Street […]