U.S. bank Citi refreshed its list of "highest conviction ideas" for Europe and recommended a specific trading strategy that investors can adopt right now.
"The focus is on bottom-up ideas," Citi's analysts wrote in an Apr.
The list also "highlights liquid names in which investors can build positions," the Citi analysts added.
Citi's focus list delivered returns of 3.4% over the last 12 months and 5.4% in the past three months.
Citi has a target price of £200 on the LSE-listed stock, giving it 34% potential upside.
Persons:
—, Leonardo Citi, Leonardo, — CNBC's Michael Bloom
Organizations:
Citi, U.K . Ministry of Defence, Revenue, London Stock Exchange, New York Stock Exchange, LSE
Locations:
Europe, U.S, Ireland, Australia, Italy