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Goldman Sachs (GS) Stock Upgraded at Citi

NEW YORK (TheStreet) -- Shares of Goldman Sachs (GS - Get Report) are up by 0.17% to $179.50 in mid-morning trading on Thursday, following a rating upgrade to "buy" from "neutral" at Citigroup this morning.

The firm maintained its $210 price target on Goldman Sachs stock.

Citigroup cited Goldman Sachs' favorable risk/reward amid the recent underperformance in the banking sector as its reasoning for the upgrade, The Fly reports.

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The firm believes that consensus estimates for bank stocks are too high, however, it Citigroup looks at Goldman Sachs as the only bank it covers with the potential for a positive turn around next year.

Additionally, Goldman Sachs was also upgraded to "buy" from "hold" at Sandler O'Neill today.

The firm views Goldman Sachs as the "best universal bank" in a position to benefit from the rebound in activity levels as the market moves into the fiscal 2016 first quarter, The Fly said.

Separately, TheStreet Ratings team rates GOLDMAN SACHS...