Goldman Sachs, Carlyle Group, Jefferies cut at Oppenheimer on stymied M&A activity

Oppenheimer downgraded Goldman Sachs (NYSE:GS), Carlyle Group (NASDAQ:CG), and Jefferies Financial Group (NYSE:JEF) to Perform from Outperform as the anticipated M&A rebound in 2025 appears to be hobbled.

After entering the year with strong optimism of a major M&A rebound, there