GS Early Morning Research Recap Ratings and Target Price Changes August 19, 2026 as of 5 30 AM ET

Equity Research 19 August 2026 | 6:06AM EDT

GS EARLY MORNING RESEARCH RECAP

Ratings and Target Price Changes - August 19, 2026 as of 5:30 AM ET

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

Macro/Global n Global Economics Comment, Dong: Is AI Impacting Global Labor Markets?

Americas n Technology, Murphy: Hardware: Assume CRSR and CRCT at Sell on more cautious outlook for niche consumer discretionary hardware n Retail, Jordan: Supermarkets: August grocery pricing survey shows relatively stable prices sequentially; price gaps narrowed

Europe n TGS ASA (TGS.OL, Buy; on CL), Vigna: Gemini X strengthens seismic technology leadership; AI contract validates monetisation of data library; Buy (on CL) n Europe Consumer Products, Nicolai: US Nielsen: Beiersdorf remains subdued in US beauty; Haleon outperforms in Oral Care

Asia n China Spirits Tracker, Liu: Feitian/Non-standard wholesale prices supported by paced supply with lean channel inventory; Upper mid end spirits 2Q prints indicated mix downgrade n Asia Pacific Banks, Kuang: Asia Wealth Tracker: Strong 2Q26 delivery; outlook intact

The Macro Round-Up ECONOMICS Global Economics Comment: Is AI Impacting Global Labor Markets?

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

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Goldman Sachs GS Early Morning Research Recap

Global Markets Daily: Is Point-of-Sale Lending a Consumer Leverage Blind Spot?

19 Aug 2026 | Economics Research - Ben Shumway

STRATEGY Asia-Pacific Portfolio Strategy: Asian equity market daily update

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

Rating and Conviction List Changes

Americas Company Name Ticker Rating (New) Rating (Old) Corsair Gaming Inc. CRSR  Sell Neutral Europe Company Name Ticker Rating (New) Rating (Old) None. Asia Company Name Ticker Rating (New) Rating (Old) SGH Ltd. SGH.AX Buy Not Rated

Source: Goldman Sachs Global Investment Research

Links to Rating and Conviction List Changes Americas n CRSR: Assume CRSR...

Asia n SGH Ltd.: Organic growth set...

Notable Stock Research to Consider: AMERICAS Energy and Utilities:

Devon Energy Corp. (DVN): See Compelling Valuation Support for Catalyst Rich Story and a Constructive Return of Capital Outlook; Reiterate Buy

19 Aug 2026 | Equity Research - Neil Mehta, Jack Cavanagh, Jerry Speicher

Americas Utilities: Power: PA follows Texas in tightening Data Center rules, focused on local community approvals

19 Aug 2026 | Equity Research - Carly Davenport, Beatriz Abreu, CFA, Jaya Patel, Ananya Jaison

Plains All American (PAA/PAGP): 2Q26 Recap: New Projects Coming Into Focus, but We Continue to Expect More Modest Permian Crude Growth

18 Aug 2026 | Equity Research - John Mackay, Jackie Koletas, Olivia Foster, Ben Lund

Energy Transfer LP (ET): 2Q26 Recap: Positive Commentary on NGLs and Gas Projects;