Report published September 1, 2026
Goldman Sachs Early Morning Research Recap: Ratings and Target Price Changes (September 1, 2026)
Source and citation context
- Issuer
- Goldman Sachs
- Report date
- September 1, 2026
- Analysis as of
- September 1, 2026
Authors / editors: Global Investment Research (Author)
Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
The September 1, 2026 Goldman Sachs Early Morning Research Recap highlights monthly Conviction List refreshes in the Americas and Europe, new Buy initiations on Latigo Biotherapeutics and Viridien, and rating changes including Drax Group upgraded to Buy and BTG Hotels downgraded to Sell.
Key Takeaways
- 1.Key regional Conviction List updates include adding Vertex Pharmaceuticals (VRTX), Talanx, RWE, and Adyen NV, while removing Interactive Brokers (IBKR), Enel, Hannover Re, Zalando, and Wise Group.
- 2.New coverage initiations and rating changes feature Latigo Biotherapeutics (LTGO) initiated at Buy, Viridien (VIRI.PA) initiated at Buy, Drax Group (DRX.L) upgraded to Buy from Neutral, and BTG Hotels Group downgraded to Sell from Neutral.
- 3.Notable target price changes of 10% or greater include Drax Group (+32% upside to £10.20), CICC (+69% upside to HK$38.20), China Feihe (target cut to HK$2.96), and BTG Hotels Group (target cut to Rmb12.00).
Table of Contents
- The Calls Around the World to Focus on Today
- The Macro Round-Up
- STRATEGY
- Rating and Conviction List Changes
- Links to Rating and Conviction List Changes
- Notable Stock Research to Consider
- Target Price Changes (10% or greater)
- Webinars, Podcasts & Conferences
- Disclosure Appendix
Report data
Rating and Conviction List Changes — as of September 1, 2026.
| Metric | Estimate | Context |
|---|---|---|
| Drax Group Price Target | 1020.0 GBP pence | Price target raised from 924.00 to 1020.00 representing 32% upside |
| CICC Price Target | 38.2 HKD | Price target raised from HK$34.32 to HK$38.20 representing 69% upside |
| BTG Hotels Group Price Target | 12.0 Rmb | Price target lowered from Rmb15.50 to Rmb12.00 with rating downgraded to Sell |
| Total Rated Equity Securities Universe | 3104.0 securities | Goldman Sachs Global Investment Research coverage universe size |
Reports in this series
GS Early Morning Research Recap is shown in chronological order through this edition, published on September 1, 2026.
Part of the GS Early Morning Research Recap series — view all 18 editions
Looking for the latest edition? GS Early Morning Research Recap Ratings and Target Price Changes September 14, 2026 as of 5 30 AM ET (Sep 14, 2026)
- Jun 11GS EARLY MORNING RESEARCH RECAP Ratings and Target Price Changes - June 11, 2026 as of 530 AM ET
- Aug 13GS Early Morning Research Recap Ratings and Target Price Changes - August 13, 2026 as of 5 30 AM ET
- Aug 13GS Early Morning Research Recap Ratings and Target Price Changes - August 13, 2026 as of 5 30 AM ET
- Aug 14GS Early Morning Research Recap Ratings and Target Price Changes - August 14, 2026 as of 5 30 AM ET
- Aug 26GS Early Morning Research Recap Ratings and Target Price Changes August 26, 2026 as of 5 30 AM ET
- Aug 27GS Early Morning Research Recap Ratings and Target Price Changes August 27, 2026 as of 5 30 AM ET
- Aug 28GS Early Morning Research Recap Ratings and Target Price Changes August 28, 2026 as of 5 30 AM ET
- Aug 31GS Early Morning Research Recap Ratings and Target Price Changes August 31, 2026 as of 5 30 AM ET(1)
- Aug 31GS Early Morning Research Recap Ratings and Target Price Changes August 31, 2026 as of 5 30 AM ET
Document Preview
Access the Full Report
Get unlimited access to institutional research reports. Create an account to get started.
Authors / Editors
Reported Data Context
- Drax Group Price Target: 1020.0 GBP pence · Source: Goldman Sachs Global Investment Research
- CICC Price Target: 38.2 HKD · Source: Goldman Sachs Global Investment Research
- BTG Hotels Group Price Target: 12.0 Rmb · Source: Goldman Sachs Global Investment Research
- Total Rated Equity Securities Universe: 3104.0 securities (2026-07-01) · Source: Goldman Sachs Global Investment Research
Securities
Themes
Regions
Related Reports
Malaysia: Now Forecasting a 25bp Rate Hike in Q1 2027
September 14, 2026
GS Utilities Daily: Drax Market Conditions Point to FY EBITDA Upgrades; RWE and UAE Collaborate on Offshore Wind and LNG
September 14, 2026
Revising Gilt Yield Forecasts Higher
September 14, 2026
ISS: CMD First Take: Favourable Mid-Term Financial Targets, Especially on Margins
September 14, 2026
Brazil: Lower 2026/27 Growth Expectations; Unchanged Selic Path
September 14, 2026