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JPMorgan downgrades Goldman Sachs, favors cheaper rivals
JPMorgan sees shares of Goldman Sachs slipping 2% from their current valuation.
14 words~1 min read
JPMorgan sees shares of Goldman Sachs slipping 2% from their current valuation.
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Despite the downgrade, Morgan Stanley still sees shares of Jefferies rising 28% from here.

Wall Street analysts largely framed the pullback as profit-taking rather than a fundamental shift in the outlook.

Goldman Sachs remains largely bullish on Deutsche Bank's outlook despite downgrading shares to a neutral rating from buy.

JPMorgan downgraded Procter & Gamble to neutral from overweight ahead of the company's next quarterly earnings report.

JPMorgan's new price target implies that shares of Citigroup could rise 11% from here.

Fabio Bassi, head of cross-asset strategy at JPMorgan, told investors to brace themselves for incoming volatility — especially if…