Report published August 26, 2026
Goldman Sachs Research: Global Equity Ratings and Target Price Changes (August 26, 2026)
Source and citation context
- Issuer
- Goldman Sachs
- Report date
- August 26, 2026
- Analysis as of
- August 26, 2026
Authors / editors: Global Investment Research (Research Division)
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.
This morning recap summarizes Goldman Sachs' global research calls for August 26, 2026, highlighting rating upgrades for Proya Cosmetics and downgrades for Vibra Energia and Brava Energia. It also covers target price adjustments and previews for the Jackson Hole symposium, US data center gas demand, and BOJ rate policy.
Key Takeaways
- 1.Proya Cosmetics was upgraded from Neutral to Buy with a price target increase to Rmb 70.00 (+14% upside), driven by expectations of a clear 2H26 acceleration across multi-brand pillars.
- 2.In Americas Energy, Vibra Energia was downgraded to Neutral due to peaking margins, while Brava Energia was reinstated at Sell, favoring Petrobras (PBR) for refining upside.
- 3.Dick's Sporting Goods (DKS) target price was reduced to $170 (from $271) despite maintaining a Buy rating, following 2Q promotional pressure.
Table of Contents
- The Calls Around the World to Focus on Today
- 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
- Disclosure Appendix
Report data
Target Price Changes (10% or greater): — as of August 26, 2026.
| Metric | Estimate | Context |
|---|---|---|
| Proya Cosmetics Target Price | 70.0 Rmb | Price target raised from Rmb 62.00 with a 14% upside to the last price of Rmb 61.20. |
| Dick's Sporting Goods Target Price | 170.0 USD | Price target cut from $271.00 with a 37% upside to the last price of $124.31. |
| Expand Energy Target Price | 113.0 USD | Price target raised from $99.00 with a 19% upside to last price of $94.66. |
| Beijing Roborock Technology Target Price | 190.0 Rmb | Price target increased from Rmb 170.00 with a 41% upside to last price of Rmb 135.00. |
| Global Equity Universe Buy Rating Share | 50.0% | Goldman Sachs Global Investment Research rating distribution across 3,104 equity securities. |
Reports in this series
GS Early Morning Research Recap is shown in chronological order through this edition, published on August 26, 2026.
Part of the GS Early Morning Research Recap series — view all 14 editions
Looking for the latest edition? GS Early Morning Research Recap Ratings and Target Price Changes September 9, 2026 as of 5 30 AM ET (Sep 9, 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
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Authors / Editors
Reported Data Context
- Proya Cosmetics Target Price: 70.0 Rmb · Source: Goldman Sachs Global Investment Research
- Dick's Sporting Goods Target Price: 170.0 USD · Source: Goldman Sachs Global Investment Research
- Expand Energy Target Price: 113.0 USD · Source: Goldman Sachs Global Investment Research
- Beijing Roborock Technology Target Price: 190.0 Rmb · Source: Goldman Sachs Global Investment Research
- Global Equity Universe Buy Rating Share: 50.0 % (2026-07-01) · Source: Goldman Sachs Global Investment Research
Securities
Themes
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