ESG is "as crowded as ever," according to AllianceBernstein, which revealed "high conviction" stock ideas to play it.
Here are some of their "high conviction" stock ideas to play the theme.
'High conviction' stock ideas AllianceBernstein likes German athletic apparel company Adidas for its "best-in-class" ESG credentials.
They gave the firm an outperform rating at a price target of 151 Swedish krona ($13.83), which represents an upside of around 57%.
American fast food chain Chipotle Mexican Grill was also given an outperform rating, and a price target of $2,300 – representing upside of around 26%.
Persons:
Ann Larson, AllianceBernstein, ESG, — CNBC's Michael Bloom
Organizations:
Adidas
Locations:
North America, Europe, Asia, American, Swedish, U.S