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
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
