Goldman Sachs has a positive view on Europe right now, naming stocks it says could offer outsized returns.
Fears of contagion in the global financial system and uncertainty over interest rates have weighed on investor sentiment in recent weeks, but opportunities remain amid the market volatility, according to Goldman Sachs . "The macro backdrop remains uncertain … That said, we see scope for alpha opportunities with returns dispersion across sectors," Goldman's analysts, led by John Sawtell, wrote in a Mar. 28 note.
Shares in the beleaguered bank have fallen 22% over the past month amid fears that it could be the next Credit Suisse , although analysts have been quick to point out that its financial position looks strong . The stock has since pared some losses, but remains buy-rated by just 48% of analysts covering it. Goldman gives Deutsche Bank potential upside of 114%.
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