Goldman cuts 2 European private markets managers to Sell amid mixed outlook
In short
The firm revised its investment stance downward by moving two asset managers to the lowest standard recommendation category. Mixed performance indicators across the European private capital landscape prompted the reduced expectations. Analysts determined the broader sector environment warrants a significantly more cautious position on these specific firms.
Key points
- Two private market managers now hold Sell ratings from Goldman Sachs.: Two private market managers now hold Sell ratings from Goldman Sachs.
- An uncertain industry climate has driven reduced expectations for regional firms.: An uncertain industry climate has driven reduced expectations for regional firms.
- Investors face a more challenging outlook within the European private capital sector.: Investors face a more challenging outlook within the European private capital sector.