GS Early Morning Research Recap Ratings and Target Price Changes July 28, 2026 as of 5 30 AM ET

Equity Research 28 July 2026 | 5:53AM EDT

GS EARLY MORNING RESEARCH RECAP

Ratings and Target Price Changes - July 28, 2026 as of 5:30 AM ET

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

Macro/Global n Oil Tracker, Grigsby: Persian Gulf De-escalation vs. Red Sea Escalation

n Credit Notes, Lynam: Expectations for Hyperscaler Debt Issuance: A Top-Down Approach

Americas n Grupo Cibest SA (CIB, Buy), Labarta: Higher margins short-term, secular tailwinds long-term with better capital allocation; Upgrade to Buy n Celestica Inc. (CLS, Buy), Ng: 2Q26 First Take: Beat and raise with path to 2027 EPS >$20

Europe n Siemens Energy (ENR1n.DE, Buy; on CL), Patel: New Gas Service targets should provide further growth visibility n Talanx (TLXGn.DE, Buy), Baker: A preferred exposure in a softening market: Initiate at Buy

Asia n China Industrial Tech, Du: 2Q26 Robot/Automation Landscape Analyzer: How are market shares shifting?

The Macro Round-Up ECONOMICS US Consumer Dashboard: July 2026 - Resilient Spending, Weak Cashflow

27 Jul 2026 | Economics Research - Joseph Briggs, Jan Hatzius, David Mericle, Alec Phillips, Ronnie Walker, Elsie Peng, Pierfrancesco Mei, Jessica Rindels

Global Rates Notes: 3Q26 Treasury Refunding Preview

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Goldman Sachs GS Early Morning Research Recap

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

STRATEGY Credit Notes: Expectations for Hyperscaler Debt Issuance: A Top-Down Approach

27 Jul 2026 | Credit Strategy Research - Amanda Lynam, CPA, Shamshad Ali, Sara Grut, Spencer Rogers, CFA

Corporate Macroscope: A Macro Guide to the Micro World

27 Jul 2026 | Portfolio Strategy Research - James Fitzsimmons, Peter Oppenheimer

GOAL Kickstart: Tracking micro and macro risks into the summer holidays

27 Jul 2026 | Portfolio Strategy Research - Christian Mueller-Glissmann, CFA, Alessandro Giglio, Andrea Ferrario, Giovanni Ferrannini, Elena Porfidia, Peter Oppenheimer

27 Jul 2026 | Equity Research - Deep Mehta, Kshitij Garg

Asia Index Strategy: Monitoring Index Rebalancing Events (2026Q3)

27 Jul 2026 | Portfolio Strategy Research - Alvin So, CFA, Timothy Moe, CFA, Kinger Lau, CFA, Sunil Koul, Bruce Kirk, CFA, Si Fu, Ph.D., John Kwon, Amorita Goel, CFA, Kevin Wang, CFA

Global Weekly Kickstart: Underlying Turbulence Ahead of Peak Earnings Week

27 Jul 2026 | Portfolio Strategy Research - Guillaume Jaisson, Peter Oppenheimer, Sharon Bell, John Kwon, Giovanni Ferrannini, Elena Porfidia, Jacinta Feng

Asia-Pacific Portfolio Strategy: Asian equity market daily update

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

COMMODITIES Oil Tracker: Persian Gulf De-escalation vs. Red Sea Escalation

28 Jul 2026 | Commodities Research - Yulia Zhestkova Grigsby, Alexandra Paulus, Filippo Cuscito, Daan Struyven

Natural Gas Comment: Risks to TTF Remain Skewed to The Upside in The Near Term

27 Jul 2026 | Commodities Research - Samantha Dart, Laura Cyr

24 Jul 2026 | Commodities Research - Alexandra Paulus