Mylan Inc. (NYSE: MYL) has been removed from the Goldman Sachs Conviction List, although the firm is not downgrading its official rating. Goldman Sachs has maintained its Buy rating and $19.00 price target and does continue to see upside as shares are currently at $13.81. Part of the problem is that it does not expect to receive guidance until May.
CommVault (NASDAQ: CVLT) is also being booted from Goldman Sachs’ Technology Framework Growth List since the stock is down over 18% since being added just on January 18, 2008. The firm is still maintaining its official buy rating and it has a $21.00 price target.
Hewlett-Packard (NYSE: HPQ) is also removed from the Goldman Sachs Technology Framework Favorite Value List. This removal is due to stop-losses on the lists since it is down 11% since being added in August 2007. Goldman Sachs is keeping its Conviction Buy rating and has not changed estimates.
Jon C. Ogg
February 7, 2008
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