Goldman Sachs has named several European stocks to buy that it expects to outperform the market — and that other investors could be missing.
The list includes Norwegian hydrogen producer Nel , which Goldman says has potential upside of 80% to its 12-month price target.
Analyst Michele Della Vigna likes the stock for its strong growth outlook and focus on the North American market.
Goldman also picked wind power company Vestas , saying its stock could rise by 48% over the next year.
It also chose chemicals company IMCD , with 57% potential upside, and drinks company Remy Cointreau , with 54% potential upside.
Persons:
Goldman Sachs, John Sawtell, Goldman, Nel, Michele Della Vigna, Ajay Patel, Remy Cointreau, Elisa, — CNBC's Michael Bloom
Organizations:
ABN Amro, Veritas
Locations:
Norwegian, Finnish