Goldman Sachs Downgrades J. Front Retailing to Neutral with Price Target of 2,000 Yen.

Goldman Sachs analyst Sho Kawano has downgraded J. Front Retailing (JFROF) from Buy to Neutral, increasing the price target from 1,850 yen to 2,000 yen. The downgrade comes as the stock's recent price increase brings it close to its estimated fair value. Kawano's report cites the stock's recent performance as the reason for the change.

Goldman Sachs (GS) stock closed at $635.24 on June 19, 2025, marking a 1.7% gain from the previous day, outperforming the S&P 500's 0.03% loss and the Dow's 0.11% decline. The tech-heavy Nasdaq appreciated by 0.13%. Over the past month, GS has climbed by 2.99%, surpassing the Finance sector's 1.73% loss and the S&P 500's 0.6% gain. Analysts expect the company to post an EPS of $9.69, a 12.41% increase year-over-year, with revenue projected at $13.61 billion, a 6.91% rise from the prior year. For the full year, the Zacks Consensus Estimates project earnings of $44.17 per share and revenue of $55.31 billion, representing changes of +8.95% and +3.35%, respectively, from the prior year [1].

Meanwhile, Goldman Sachs analyst Sho Kawano downgraded J. Front Retailing (JFROF) from Buy to Neutral, increasing the price target from 1,850 yen to 2,000 yen. The downgrade comes as the stock's recent price increase brings it close to its estimated fair value. Kawano cited the stock's recent performance as the reason for the change [2].

From a valuation perspective, GS is trading at a Forward P/E ratio of 14.14, slightly below the industry average of 14.59, indicating a potential discount. The stock's PEG ratio of 0.85 is also below the industry average of 1.2. The Zacks Industry Rank for the Financial - Investment Bank industry is 148, placing it within the bottom 40% of over 250 industries. The Zacks Rank for GS is currently #4 (Sell) [1].

References:
[1] https://www.nasdaq.com/articles/why-market-dipped-goldman-sachs-gs-gained-today-0
[2] Not provided in the source materials