Report published September 28, 2026
Goldman Sachs: Early Morning Research Recap: Ratings and Target Price Changes (September 28, 2026)
Goldman Sachs · September 28, 2026
Goldman Sachs' daily morning research recap highlights an initiation of Geely Auto at Buy, target price reductions on ZTE, and an upward price target revision for JCDecaux. It also gathers macro, sector, and company notes across global markets including European Big Oils previews and US hardware earnings.
Read the remaining 4 pages
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.
Key Takeaways
- 1.Goldman Sachs initiates coverage on Geely Auto (0175.HK) with a Buy rating, highlighting expanding overseas market penetration as a key growth catalyst.
- 2.ZTE target prices are reduced by over 10% in both Shenzhen (000063.SZ to Rmb 50.60 from 58.20) and Hong Kong (0763.HK to HK$ 32.60 from 37.50), maintaining Neutral ratings amid gross margin headwinds from product mix.
- 3.JCDecaux target price is raised by 10% to €27.40 from €24.60 with a Neutral rating.
Table of Contents
- The Macro Round-Up
- 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
- Global Market Intelligence
Report data
Target Price Changes (10% or greater) — as of September 28, 2026.
| Metric | Estimate | Context |
|---|---|---|
| JCDecaux New Price Target | 27.4 EUR | Price target revised upward from €24.60 with last price at €24.96 implying 10% upside. |
| ZTE (000063.SZ) New Price Target | 50.6 CNY | Price target lowered from Rmb 58.20 with last price at Rmb 31.92 implying 59% upside. |
| ZTE (0763.HK) New Price Target | 32.6 HKD | Price target lowered from HK$ 37.50 with last price at HK$ 22.44 implying 45% upside. |
| Goldman Sachs Global Equity Coverage Universe Size | 3104 securities | Number of equity securities with investment ratings covered by Goldman Sachs Global Investment Research. |
Reports in this series
GS Early Morning Research Recap is shown in chronological order through this edition, published on September 28, 2026.
Part of the GS Early Morning Research Recap series — view all 31 editions
Looking for the latest edition? GS Early Morning Research Recap Ratings and Target Price Changes October 12, 2026 as of 5 30 AM ET (Oct 12, 2026)
- Sep 18GS Early Morning Research Recap Ratings and Target Price Changes September 18, 2026 as of 5 30 AM ET
- Sep 21GS Early Morning Research Recap Ratings and Target Price Changes September 21, 2026 as of 5 30 AM ET
- Sep 23GS Early Morning Research Recap Ratings and Target Price Changes September 23, 2026 as of 5 30 AM ET
- Sep 25GS Early Morning Research Recap Ratings and Target Price Changes September 25, 2026 as of 5 30 AM ET
Access the full report
And others from the leading tier 1 banks.
Free account: read previews and a daily allowance of full reports. Pro removes the daily limit.
Authors / Editors
Browse More
Related Reports
WUS: AI PCB Ramp up on Rising AI Server and Switch Demand; GM Improvement Driven by PCB Specification Upgrade
October 12, 2026
Europe Real Estate: 3Q26 Sector Preview
October 12, 2026
Japan Steel Works: Nikkei Report: Thales to Transfer 2R2M Mortar Production to JSW, Domestic Production to Start in 2027
October 12, 2026
The 720: China AI, CATL, HSBC, AIA, HK Ex, Inovance, Korea Banks, Largan, WUS, SG Banks, Shein
October 12, 2026
Americas Branded Consumer Goods: Apparel & Accessories: September Store Traffic Update
October 12, 2026