Analysts at Goldman Sachs have picked a number of global stocks it says are trading at a discount — and said two of its picks could rise more than 100% over the next 12 months.
The analysts picked telecommunications company BT Group , giving it an estimated 130% potential upside in the next year.
Goldman also gave Lloyds Bank potential upside of 78%, and said South African technology group Naspers could rise by 71% over 12 months.
'Upside risks' The stocks all appear on Goldman's list called "value buys with earnings upside potential."
The bank gave Intesta Sanpaolo a 58% potential upside to its 12-month price target.
Persons:
Goldman Sachs, John Sawtell, Goldman, Andrew Lee, Sanpaolo, Chris Hallam, — CNBC's Michael Bloom
Organizations:
Goldman, BT Group, BT, Natwest, Deutsche Bank, Lloyds Bank, Porsche
Locations:
African