Goldman Sachs Research Summary (JAN 19, 2007)

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By Douglas A. McIntyre Published
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This morning, Goldman Sachs started 3M (MMM) and International Paper (IP) with Neutral ratings. 

Rite Aid (RAD) was downgraded from a Neutral to Sell rating after the recent stock gains.  As a reminder, this was Cramer’s #2 speculative play for 2007.  Goldman trimmed the current fiscal estimates from $0.07 to $0.03.  This was added to Goldman’s Americas Investment SELL List.

TRW Automotive (TRW) was also downgraded from a Neutral rating down to a Sell rating.  This was added to Goldman’s Americas Investment SELL List.

JDSU (JDSU) estimates were raised from $0.21 EPS up to $0.26 EPS for the current year; this after the company raised guidance last night.

Knight Capital Group (NITE) saw its estimates trimmed at Goldman Sachs from $1.32 EPS down to $1.15 for the current year and the coming year estimates were trimmed from $1.45 to $1.26.

Xilinx (XLNX) estimates were also trimmed after the company lowered guidance; Goldman cut next fiscal year from $1.22 EPS to $1.10.

Goldman Sachs also reiterated a BUY rating on J&J (JNJ) and said it sees 11% upside to its 6-month target of $75.00.  This replaces Stryker (SYK) on the Americas Conviction Buy List.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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