UBS Securities Sees Goldman Sachs At $210, Maintains Buy Rating

UBS Securities LLC maintained both its Buy rating and 12 month price target of $210 for Goldman Sachs Group Inc. (NYSE: GS).

Although Goldman Sachs' 4th quarter revenues were down 22% from the same period last year, they came in better than lowered expectations.

Investment banking was a bright spot, with revenues up 82% over the same quarter last year and non-compensation expenses remained under firm control.

One of the biggest issues facing the company now is possibly increasing regulatory pressure.

At just 1.4x book, UBS Securities thinks that Goldman Sachs' shares are an attractive investment and should trade higher at 1.6x times book.