Report published August 31, 2026
Goldman Sachs Research Recap: Global Ratings, Target Price Changes & Macro Strategy (August 31, 2026)
Source and citation context
- Issuer
- Goldman Sachs
- Report date
- August 31, 2026
- Analysis as of
- August 31, 2026
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 early-morning research recap from Goldman Sachs synthesizes key global investment calls for August 31, 2026. It features rating initiations on Braveheart Bio, JTEKT, and GenFleet Therapeutics, upgrades for Capstone Copper, downgrades on Mitsubishi Gas Chemical and Guangzhou Automobile, as well as macro updates spanning the US, Asia, Latin America, and commodities.
Key Takeaways
- 1.Goldman Sachs initiates coverage on Braveheart Bio (BRVE), JTEKT Corp. (6473.T), and GenFleet Therapeutics (2595.HK) with Buy ratings, while upgrading Capstone Copper (CS.TO) to Buy.
- 2.Key rating downgrades include Mitsubishi Gas Chemical (4182.T) from Buy to Neutral and Guangzhou Automobile Group (2238.HK) from Neutral to Sell.
- 3.In macro strategy, Fed Chairman Warsh's hawkish Jackson Hole debut emphasized inflation control, while Japan strategy revised the 12M TOPIX target up to 4,600.
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
- Global Market Intelligence
- Disclosure Appendix
Report data
Key figures extracted from this report — as of August 31, 2026.
| Metric | Estimate | Context |
|---|---|---|
| 12-month TOPIX Target | 4600 points | Revised upward following stronger-than-expected 1Q earnings season. |
| Capstone Copper Price Target | 18.00 C$ | Price target change accompanying upgrade to Buy. |
| Guangzhou Automobile Group Price Target | 1.50 HK$ | Price target cut on downgrade to Sell. |
| Global Equity Rating Distribution (Buy) | 50% | Distribution of ratings across 3,104 equity securities 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 August 31, 2026.
Part of the GS Early Morning Research Recap series — view all 15 editions
Looking for the latest edition? GS Early Morning Research Recap Ratings and Target Price Changes September 10, 2026 as of 5 30 AM ET (Sep 10, 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 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
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Reported Data Context
- 12-month TOPIX Target: 4600 points (12-month forward) · Source: Goldman Sachs Portfolio Strategy Research
- Capstone Copper Price Target: 18.00 C$ · Source: Goldman Sachs Global Investment Research
- Guangzhou Automobile Group Price Target: 1.50 HK$ · Source: Goldman Sachs Global Investment Research
- Global Equity Rating Distribution (Buy): 50 % (As of July 1, 2026) · Source: Goldman Sachs Global Investment Research
Securities
Themes
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