Goldman Sachs has refreshed its conviction list of top picks in Europe and recommended investors consider a specific trading strategy given uncertainty over how much further markets can rise.
However, Goldman Sachs' analysts noted that investors are "questioning how much upside is left."
For those looking for stock ideas, here are two of the latest additions to Goldman Sachs' European conviction list: Unibail-Rodamco-Westfield Goldman analyst Jonathan Kownator struck a bullish tone on French commercial real estate giant Unibail-Rodamco-Westfield .
Goldman Sachs has a 12-month price target of 107 euros ($115.97) on the stock, giving it potential upside of around 46.8%.
"The European football championships in Germany should provide an additional boost with JCD commanding c.35% market share and its presence in Street Furniture in major cities."
Persons:
Goldman Sachs, Westfield Goldman, Jonathan Kownator, Kownator, Lisa Yang, JCD, Yang, Goldman, — CNBC's Michael Bloom
Organizations:
Westfield, UEFA, Paris Olympics, European
Locations:
Europe, Westfield, France, Spain, Germany, United Kingdom, United States, Paris, China