Reported about 11 hours ago
Oppenheimer & Co. has downgraded Goldman Sachs, Carlyle Group, and Jefferies Financial due to doubts about a rebound in mergers and acquisitions following Donald Trump's return to the presidency. Analysts attribute this uncertainty to issues like tariffs and geopolitical tensions, causing a significant slowdown in M&A activity despite initial optimism for a strong market in 2025.
Source: YAHOO