Meredith Whitney gave Goldman Sachs Group Inc. her only "buy" recommendation among the eight banks she covers, saying the shares may climb 30%.
Whitney, the founder of Meredith Whitney Advisory Group LLC, hasn't recommended buying shares of Goldman Sachs since January 2008, when she was an analyst at Oppenheimer & Co. The stock may reach $186 from $141.87 on July 10, the analyst said in a note to clients Monday.
Goldman Sachs shed government-imposed restrictions on compensation by repaying $10 billion of bailout money to the U.S. Treasury in June.
The firm, which has ratcheted up trading gains and reaped more fees from stock and bond sales, may report the highest per-share profit of any of the 15 biggest U.S. banks, according to analysts.
