Goldman Sachs Reiterates Neutral on Blue Nile, Slashes PT to $35

Goldman Sachs reiterated its Neutral rating on Blue Nile (NASDAQ: NILE). At the same time, the rating agency slashed its price target on the company's stock from $47 to $35. In today's trading, NILE lost 9.58% of its value to stand around $33.08.