Goldman Sachs Receives 'Buy' Rating From TD Cowen; Morgan Stanley Gets 'Hold'
TD Cowen has resumed coverage of U.S. large-cap banks and initiated ratings for Goldman Sachs (GS) with a Buy recommendation, while assigning Morgan Stanley (MS) a Hold rating. Analyst R. Scott Siefers noted that the sector is supported by strong fundamentals but expressed concerns over current valuations. The firm's decision reflects confidence in the broader banking industry despite valuation challenges. The ratings suggest varying levels of optimism among major banks within the U.S., with Goldman Sachs being viewed more favorably than Morgan Stanley at this time.
Topics: Banking Stock Analysis Valuation