Patrick Archambault

Harley-Davidson Inc (NYSE: HOG) reported a 2Q16 EPS beat, but announced disappointing forward shipment guidance. Goldman Sachs’ Patrick Archambault maintained a Neutral rating and $47 price target for the company, while reducing the estimates. The EPS estimates for 2016, 2017 and 2018...

Ford Motor Company (NYSE: F) reported its 2Q16 results below expectations and announced a profit warning for 2016. Goldman Sachs’ Patrick Archambault downgraded the rating on the company from Buy to Neutral, while reducing the price target from $15 to $13. The analyst commented that the...

Although recent news surrounding Tesla Motors Inc (NASDAQ: TSLA) has been negative, they do not impact the long-term view on the company, Goldman Sachs’ Patrick Archambault said in a report. The analyst has a Buy rating on the company, with a price target of $240. Negative News On June 30...

Goldman Sachs sees shares of Cooper-Standard Holdings Inc (NYSE: CPS) near "fair value" and has initiated coverage of the stock with a Neutral rating and $95 price target, implying 15 percent upside. Cooper-Standard makes sealing, fuel and brake delivery, fluid transfer and anti-vibration systems...

Goldman Sachs analyst Patrick Archambault believes Delphi Automotive PLC (NYSE: DLPH) represents "one of the best secular growth stories" in the automobile sector space, which has witnessed a steady growth over the last seven years. However, the brokerage removed the stock from its Conviction List...

Goldman Sachs’ Patrick Archambault expects Harley-Davidson Inc (NYSE: HOG) to see a decline in U.S. registrations during 2Q16, which would mark the seventh successive quarter of year-on-year sales declines. Archambault downgraded the rating on the company from Buy to Neutral, while lowering...

Goldman Sachs Group Inc (NYSE: GS) raised a lot of eyebrows last week when the company was announced as one of the two leads in a Tesla Motors Inc (NASDAQ: TSLA) $2 billion stock offering just hours after the firm upgraded Tesla’s stock from Neutral to Buy. Legally, research analysts and...

Tesla Motors Inc (NASDAQ: TSLA) shares have lost 20 percent since April 18. Goldman Sachs’ Patrick Archambault upgraded the rating for the company to Buy, with a price target of $250, saying that the pullback had resulted in 22 percent upside in shares over the next six months. Apart from...

Goldman Sachs sees 22 percent upside in Tesla Motors Inc (NASDAQ: TSLA) over the next six months. Goldman Sachs upgraded shares to Buy, with a $250 price target, after the firm downgraded U.S. equities to Neutral on Tuesday afternoon. This is enough to send shares of Tesla more than 3 percent...

So far this earnings season, the market has not been impressed by relatively strong earnings from the auto industry, and neither has Goldman Sachs. There have been 16 consensus beats in the auto space so far compared to only four misses, but auto stocks have only gained an average of 0.3 percent on...

Goldman Sachs’ Patrick Archambault mentioned that Tesla Motors Inc (NASDAQ: TSLA) has moved its timeframe to deliver 500,000 units from 2020 to 2018, which could lead to the need for a potential capital raise to fund growth. The analyst maintained a Neutral rating on the company, while...

The majority of Q1 auto industry earnings are now out, and the results have been pretty positive overall. Goldman Sachs analyst Patrick Archambault, however, remains cautious on many auto stocks, despite 12 Q1 beats in the space so far versus only two misses. The market has generally reacted...