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HSBC Adjusts Price Target on Goldman Sachs to $729 From $802, Maintains Reduce Rating
HSBC has revised its price target for Goldman Sachs (GS) down to $729 from $802 while maintaining a “Reduce” rating on the stock. This adjustment reflects a more cautious outlook on the investment bank. The article also provides a brief overview of Goldman Sachs’ business segments and geographical revenue distribution.