GS Early Morning Research Recap Ratings and Target Price Changes August 11, 2026 as of 5 30 AM ET

Equity Research 11 August 2026 | 5:59AM EDT

GS EARLY MORNING RESEARCH RECAP

Ratings and Target Price Changes - August 11, 2026 as of 5:30 AM ET

The Calls Around the World to Focus on Today Global Investment Research

Macro/Global n US Economics Analyst: What Is AI Investment Crowding Out?

n Strategy Espresso, Bell: Europe – The secret outperformer

Americas n Alphabet Inc. (GOOGL, Buy), Sheridan: Did Alphabet Just Signal a Shift in its AI Strategy? n Autodesk Inc. (ADSK, Neutral), Martino: Quality Franchise, Balanced Setup; Initiate at Neutral, $260 PT

Europe n Legal & General Group (LGEN.L, Sell), Baker: Downgrade to Sell: Sequencing risk skews risk-reward to the downside n Ferrari Residual Value Tracker, Frenes: The Luce effect continues: Global non-hybrid models up +5.5% led by exceptionally strong US market demand for V8/V12 models

Asia n Optical Networking, Chang: Top 3 investor debates on impact of potential US import restrictions on Chinese optical transceiver modules n China Data Centers, Zhao: The rise of Ulanqab as one of APAC’s largest and fastest growing AI computing clusters

Global Market Views: Same Macro, Different Marks

10 Aug 2026 | Economics Research - Dominic Wilson, Kamakshya Trivedi

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Goldman Sachs GS Early Morning Research Recap

US Economics Analyst: What Is AI Investment Crowding Out?

11 Aug 2026 | Economics Research - Jessica Rindels, David Mericle, Jan Hatzius, Alec Phillips, Ronnie Walker, Elsie Peng, Pierfrancesco Mei

Global Markets Daily: Fed Communication and FX Volatility

10 Aug 2026 | Economics Research - Michael Cahill, Lexi Kanter, Karen Reichgott Fishman, Stuart Jenkins

10 Aug 2026 | Economics Research - Jessica Rindels, Ronnie Walker, Jan Hatzius, David Mericle, Alec Phillips, Elsie Peng, Pierfrancesco Mei

Strategy Espresso: Europe – The secret outperformer

11 Aug 2026 | Portfolio Strategy Research - Sharon Bell, Peter Oppenheimer, Guillaume Jaisson, Elena Porfidia, Jacinta Feng

Global Weekly Kickstart: Global equities advance as earnings broaden and AI volatility rises

10 Aug 2026 | Portfolio Strategy Research - Guillaume Jaisson, Peter Oppenheimer, Sharon Bell, John Kwon, Elena Porfidia, Jacinta Feng

GOAL Kickstart: Summer data-only update

10 Aug 2026 | Portfolio Strategy Research - Christian Mueller-Glissmann, CFA, Alessandro Giglio, Andrea Ferrario, Elena Porfidia, Peter Oppenheimer

10 Aug 2026 | Equity Research - Deep Mehta, Kshitij Garg

Asia-Pacific Portfolio Strategy: Asian equity market daily update

10 Aug 2026 | Portfolio Strategy Research - Timothy Moe, CFA, Alvin So, CFA, Sunil Koul, Kinger Lau, CFA, John Kwon, Amorita Goel, CFA

Japan SMID Monitor: Next Generation TOPIX inclusion/exclusion end-game

10 Aug 2026 | Portfolio Strategy Research - Bruce Kirk, CFA, Julius Chan

Base Metals Comment: Copper: Limited Impact From DR Congo Concentrate Export Ban

09 Aug 2026 | Commodities Research - Lavinia Forcellese, Samantha Dart, Daan Struyven