Goldman Sachs promising to be more transparent
Goldman Sachs Group Inc. is promising to be more transparent about how it does business following widespread criticism that it put its own interests ahead of its clients.
In conjunction with its launch on the education sector, Goldman Sachs downgrades Education Management Corp. to a relative Sell from Neutral with an $18 PT. Goldman believes EDMC will be most exposed to gainful employment regulations, due to its end-market exposure coupled with low repayment rates.