Goldman Sach's recently added Merrill Lynch to its Conviction Buy list. That's a list of top stocks to buy that Goldman Sach's maintains.
MER had reached an all time high on Jan 18 this year, proving its impressive growth potential and strong performance. Since then it suffered a minor drop mainly due to investor concern about Merrill Lynch's focus on the subprime mortgage market and the risks associated with it. However, numerous analysts have discounted this concern since and the stocks are recovering steadily.
Merrill Lynch will announce its quarterly results on Apr 19, 2007 and analysts believe that the results will be impressive. This will cause a further upward climb in stock prices. At this rate, the stocks could be expected to reach the 88$ mark in a month's time.
$87.4 (04/14/07)
