Goldman Sachs has unveiled its "conviction list" of top stock picks in Europe for December — and London-listed shares of BT Group stand out.
Goldman Sachs expects BT's share price to more than double to 290 pence over the next 12 months.
Wall Street rivals Morgan Stanley and JPMorgan also believe BT shares are mispriced as investors have undervalued its network arm, Openreach.
Conviction list Other prominent stocks on Goldman's conviction list include Delivery Hero , Burberry , Bureau Veritas and Philips .
Goldman notes that its conviction list should not be seen as a portfolio, as the stocks are not weighted.
Persons:
Goldman Sachs, Goldman, Morgan Stanley, Openreach, Terence Tsui, — CNBC's Michael Bloom
Organizations:
BT Group, BT, Wall, JPMorgan, Burberry, Veritas, Philips
Locations:
Europe, London