GS Early Morning Research Recap Ratings and Target Price Changes September 8, 2026 as of 5 30 AM ET

Equity Research 8 September 2026 | 6:10AM EDT

GS EARLY MORNING RESEARCH RECAP

Ratings and Target Price Changes - September 8, 2026 as of 5:30 AM ET

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

Macro/Global n Oil Analyst, Struvyen: Ongoing Disruptions, More Adaptation: Nudging Up Our Price Forecast n Agriculture Analyst, Thomas: Higher Barriers to Trade, Lower Barriers to Shocks: Hormuz, Black Sea and a Super El Niño

Americas n Robinhood Markets Inc. (HOOD, Buy), Haider: Sensitizing growth potential and value in HOOD’s scaling Rothera prediction markets exchange n Dick’s Sporting Goods (DKS, Buy), Richter: Promotional activity is mixed, with a slight increase in stores at Dick’s y/y and at Foot Locker sequentially

Europe n Rheinmetall (RHMG.DE, Buy; on CL): Even in an ammunition bear case, a SOTP still points to meaningful upside n Europe Healthcare, Felton: Medical Technology: Reflecting on sector performance and key debates ahead of the 23rd European Medtech and Healthcare Services Conference

Asia n Beijing New Building Materials (000786.SZ, Buy), Wang: Trough priced in; up to Buy on compelling risk-reward n Innolight (300308.SZ. Buy), Jeng: Optical specification upgrade towards 1.6T and above, expansion to scale-up/ scale-across; initiate H-share and reinstate A-share at Buy

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Goldman Sachs GS Early Morning Research Recap

The Macro Round-Up ECONOMICS European Daily: A More Mixed Q3 Activity Picture After a Firm Q2

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

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

Asia-Pacific Portfolio Strategy: Asian equity market daily update

07 Sep 2026 | Portfolio Strategy Research - Timothy Moe, CFA, Alvin So, CFA, Kinger Lau, CFA, Sunil Koul, John Kwon, Amorita Goel, CFA, Terry Chan

COMMODITIES GS Global Oil Supply and Demand Model 2026-09-07

07 Sep 2026 | Commodities Research - Daan Struyven, Yulia Zhestkova Grigsby, Filippo Cuscito, Alexandra Paulus

Oil Analyst: Ongoing Disruptions, More Adaptation: Nudging Up Our Price Forecast

07 Sep 2026 | Commodities Research - Daan Struyven, Yulia Zhestkova Grigsby, Alexandra Paulus, Filippo Cuscito

Agriculture Analyst: Higher Barriers to Trade, Lower Barriers to Shocks: Hormuz, Black Sea and a Super El Niño

07 Sep 2026 | Commodities Research - Lina Thomas, Daan Struyven

Rating and Conviction List Changes <paste all regions as a single exhibit here>