Stocks
Wells Fargo Analyst Reaffirms Buy Rating for Goldman Sachs
Wells Fargo analyst Mike Mayo has reaffirmed his buy rating for Goldman Sachs (GS.US) and maintained a target price of $1,175. This decision was made after evaluating the performance of the analyst's recommendations over the past year.
According to TipRanks data, Mayo has a success rate of 71.5% and an average return of 17.6%. The analyst's track record suggests that his ratings have been accurate in terms of generating positive returns for investors.
The rating system used by TipRanks assigns stars based on the performance of financial analysts. In this case, Mayo's past performance has earned him a high ranking, indicating his reliability as an analyst.