Monday, April 26, 2010

"Goldman Needs New Leaders; Citi Could Hit $8.50: Bove" (C; GS)

From CNBC:
Goldman Sachs and Citigroup stocks remain good opportunities for investors despite obstacles both companies face, analyst Dick Bove told CNBC....
...Citi continues its rebound and could see its shares nearly double in price to $8.50, said Bove, banking analyst for Rochdale Securities.

"If you're looking at the fundamentals alone, the stock should be a buy," he said.

As for Goldman, Bove said the stock remains a buy even as it needs a management change....MORE