Moszkowski cuts Goldman's 3Q EPS

Merrill Lynch star analyst, Guy Moszkowski, not only cut 3Q EPS from $4.28 to $2.80 but also lowered his price objective from $212 to $205 on the basis of lower book value.

EPS was cut primarily on the basis of weaker global markets and an above-average sensitivity to commodity prices and volume.

Goldman should report their 3Q numbers sometime in the middle of September. GS closed the day at $179.55 a share, down $1.22 from yesterday's close.