** KBW downgrades Goldman Sachs GS.N to "market perform" from "outperform" rating
** Brokerage says GS is at peak valuation with potential headwinds against strong market expectations, due to market uncertainty surrounding tariffs, inflation, interest rates and government policies
** KBW adds uncertainties have led to a disappointing start of the year in investment banking
** Brokerage cuts PT to $660 from $690, which still represents a 6.8% upside to stock's last close
** 13 of 22 brokerages rate the stock "buy" or higher, 9 "hold"; their median PT is $660 - data compiled by LSEG
** As of last close, stock up ~7.9% YTD
(Reporting by Prakhar Srivastava in Bengaluru)
((Prakhar.srivastava2@thomsonreuters.com))
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