Goldman Sachs Boots Stocks From Lists (MYL, HPQ, CVLT)

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By Douglas A. McIntyre Published
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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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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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