GS Early Morning Research Recap Ratings and Target Price Changes August 17, 2026 as of 5 30 AM ET

Equity Research 17 August 2026 | 5:48AM EDT

GS EARLY MORNING RESEARCH RECAP

Ratings and Target Price Changes - August 17, 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, Walker: Earnings Season Takeaways: Consumer Strength Before the Slowdown n Global Views, Hatzius: They’re Not Hiking

Americas n Onto Innovation (ONTO, Buy), Schneider: Initiate at Buy: AI packaging complexity drives process control growth, new products enable share gains n HawkEye 360 Inc. (HAWK, Buy), Poponak: Solid quarter, international momentum strong, and constellation build-out progressing; Buy

Europe n Novonesis (NSISb.CO, Buy; on CL), Fraser: 2Q26 Preview: Beat expected (+170bps OSG vs. Cons) into more cautious investor sentiment; reiterate Buy (on CL) n Global Healthcare, Kotadia: The Obesity Evolution: Framing the generic semaglutide opportunity in Canada and Brazil

Asia n China Machinery, Zheng: 2Q/1H26 Preview: Strong core operations partially offset by unfavorable FX; prefer Weichai, Sinotruk, Dingli, First Tractor and Lonking (up to Buy) n Luxshare (002475.SZ, Buy), Jeng: Data center / automotive electronics expansion drives growth; initiate H-share and reinstate A-share at Buy

The Macro Round-Up ECONOMICS Global Views: They’re Not Hiking

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Goldman Sachs GS Early Morning Research Recap

16 Aug 2026 | Economics Research - Jan Hatzius

US Economics Analyst: Earnings Season Takeaways: Consumer Strength Before the Slowdown

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

Global Economics Analyst: What Has the World Learned About Central Bank Communication?

14 Aug 2026 | Economics Research - Joseph Briggs, Megan Peters, Jan Hatzius, Sarah Dong

Global Rates Trader: A Steeper Price of Relief

14 Aug 2026 | Economics Research - George Cole, William Marshall, Simon Freycenet, Isabella Rosenberg, Friedrich Schaper, Loic Mathys

Global FX Trader: Eclipsed by Carry

14 Aug 2026 | Economics Research - Kamakshya Trivedi, Michael Cahill, Danny Suwanapruti, Teresa Alves, Karen Reichgott Fishman, Stuart Jenkins, Victor Engel, Lexi Kanter

Global Markets Analyst: EM Rates — Pull from Home, Push from Abroad

14 Aug 2026 | Economics Research - Mambuna Njie, Kamakshya Trivedi

Canada Economics Comment: July CPI Preview

14 Aug 2026 | Economics Research - Megan Peters, Joseph Briggs

Weekly Fund Flows: Gold Fund Flows Pick Up

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

Asia in Focus: India: Food Inflation Risks from El Niño Offset by Softer Core

16 Aug 2026 | Economics Research - Santanu Sengupta, Arjun Varma, Andrew Tilton

US Week Ahead: August 17 - August 23

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

European August Flash PMI Preview

16 Aug 2026 | Economics Research - Giovanni Pierdomenico, Sven Jari Stehn, Filippo Taddei, Alexandre Stott, James Moberly, Niklas Garnadt, Katya Vashkinskaya

Global Economics Wrap-Up: August 14, 2026

14 Aug 2026 | Economics Research - Joseph Briggs, Andrew Tilton, Katya Vashkinskaya, Jessica Rindels, Sarah Dong

Asia in Focus: China Retail Sales: Policy Tailwinds Fade, H2 Growth Likely Remains Low