Goldman Sachs adds a beer giant and a major bank to its favorite stock picks
Goldman’s latest European key stock picks include three names with more than 100% upside.
TL;DR
- Goldman Sachs has updated its European "Conviction List" for November, adding Deutsche Bank and Carlsberg.
- Three companies on the list, including Ceres Power and flatexDEGIRO, have a projected 12-month upside of over 100%.
- Deutsche Bank is noted for strong revenue momentum and potential cost savings through technology and AI.
- Carlsberg's acquisition of Britvic and its PepsiCo bottling license agreements are expected to boost profit margins.
- HSBC, Haleon, and CTP have been removed from the previous list.
- Goldman assigned Deutsche Bank a price target implying a 47% upside, and Carlsberg a target implying a 24% upside.