Goldman Sachs has identified three "attractive" value stocks that could see significant share price appreciation over the next 12 months.
The Wall Street bank's analysts see over 50% upside potential in British Airways parent International Consolidated Airlines Group , agricultural machinery maker CNH Industrial , and health technology company Philips .
Goldman Sachs said all three companies stand out amongst their European peers for their cheap valuations compared to earnings growth prospects.
IAG-GB 1Y line Philips Goldman recommends buying Philips and expects the shares to be up 51% over the next 12 months.
CNH Industrials Goldman Sachs upgraded CNH to buy last month.
Persons:
Goldman Sachs, John Sawtell, Goldman's, Patrick Creuset, Creuset, Philips Goldman, Roy Jakobs, CNH Industrials Goldman Sachs, Michael Bloom
Organizations:
British Airways parent International Consolidated Airlines Group, Philips, CNBC
Locations:
Europe, United States