UBS has named its high conviction buy ideas across Europe and Asia. For Europe, including the U.K., UBS analysts came up with 32 buy recommendations "poised to captivate and elevate" investors' portfolios. It included what it called "high quality value buy" names such as British pharmaceutical giant GSK , German semiconductor firm Infineon Technologies and U.K. tobacco company Imperial Brands .
" "We see a substantially undervalued core business composed of the visibly high quality Northern European segment and the more debated UK & I segment, which we believe to be at an inflection point in its competitive trajectory and poised for substantial profit over delivery," the bank said, referring to the U.K. and Ireland. British low-cost airline EasyJet received a potential 51% upside from UBS, among the highest.