Buy these 2 global stocks as inflation fades, HSBC says — giving one 85% upside

As high inflation appears to be waning, a long-neglected set of stocks stands to benefit as consumers settle into a "new normal" of spending, according to

named two companies it sees benefiting from these emerging consumer trends: French video game giant Ubisoft and Swiss travel retailer Avolta . Ubisoft analysts led by Paul Rossington and Pankaj Agarwala said in a note to clients on Mar. 20. The bank has a buy rating on the stock with a price target of 35 euros , representing more than 85% upside from the current share price of around 18.84 euros. The stock is also traded in the U.S. and U.K. Ubisoft, founded in 1986, is behind major gaming franchises like Assassin's Creed, Far Cry, and Rainbow Six.

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