Shares of Goldman Sachs fell nearly 2 percent in the premarket Friday after an analyst at Bank of America Merrill Lynch said the stock’s gains could be capped as a scandal related to the Malaysian government investment fund festers.
Bank of America Merrill Lynch analyst Michael Carrier downgraded Goldman to neutral from buy. Carrier also slashed his price target on the stock to $225 a share from $280, still implying a 15.5 percent upside from Thursday’s close. The stock traded around $191 before the bell Friday.
