Report published September 1, 2026
Goldman Sachs: 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
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 Goldman Sachs Early Morning Research Recap for September 1, 2026 highlights monthly Conviction List additions and removals across the Americas and Europe. Key rating actions include Buy initiations on Latigo Biotherapeutics and Viridien, an upgrade of Drax Group to Buy, and a downgrade of BTG Hotels to Sell.
Key Takeaways
- 1.Key Conviction List updates include adding Vertex Pharmaceuticals (VRTX), Talanx, RWE, and Adyen, while removing Interactive Brokers (IBKR), Enel, Hannover Re, Zalando, and Wise Group.
- 2.Goldman Sachs initiates Latigo Biotherapeutics (LTGO) with a Buy rating targeting the pain market, and initiates Viridien (VIRI.PA) with a Buy rating on exploration spend recovery.
- 3.Drax Group (DRX.L) is upgraded from Neutral to Buy with a price target raised to £10.20 (+32% upside potential), supported by attractive cash generation.
Table of Contents
- Macro/Global
- Americas
- Europe
- Asia
- 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 Target Price | 1020.00 GBp / pence | New target price representing 32% upside from the last price of 775.0001. |
| China International Capital Corp Target Price | 38.20 HKD | New target price representing 69% upside from the last price of HK$22.54. |
| BTG Hotels Group Target Price | 12.00 Rmb | Target price cut following 2Q26 results miss and downgrade to Sell. |
| China NEV Retail / Wholesale Penetration | 64%/71%% | New Energy Vehicle penetration in China MTD. |
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 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
- 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
- Aug 31GS Early Morning Research Recap Ratings and Target Price Changes August 31, 2026 as of 5 30 AM ET(1)
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Authors / Editors
Reported Data Context
- Drax Group Target Price: 1020.00 GBp / pence (12-month target) · Source: Goldman Sachs Global Investment Research
- China International Capital Corp Target Price: 38.20 HKD (12-month target) · Source: Goldman Sachs Global Investment Research
- BTG Hotels Group Target Price: 12.00 Rmb (12-month target) · Source: Goldman Sachs Global Investment Research
- China NEV Retail / Wholesale Penetration: 64%/71% % (August 2026 MTD (Week 35)) · Source: Goldman Sachs Global Investment Research
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