JPMorgan uncovered several top European stocks it says offer substantial upside potential — as well as some "unattractive" names — right now.
The bank is underweight on the euro zone, given that its "Growth-Policy trade-off" is "likely to deteriorate further."
Nevertheless, JPMorgan sees pockets of opportunity in the European market.
Here are five stocks from its list of "top European picks" which stand out for having substantial upside potential, according to FactSet's consensus price targets: 'Unattractive stocks' JPMorgan also revealed its list of "unattractive stocks" from a sector it's underweight on — banking.
Stocks named as " unattractive" include Lloyds Banking Group , BNP Paribas , Svenska Handelsbanken AB and Bank of Ireland Group .
Persons:
Mislav Matejka, Banks, Stocks, — CNBC's Michael Bloom
Organizations:
JPMorgan, Lloyds Banking Group, BNP, Svenska Handelsbanken, Bank of Ireland Group