Goldman Sachs added these 2 stocks to its conviction list in June

Goldman Sachs announced the June update for its"European Conviction List - Directors’ Cut" report today, showcasing the latest top Buy-rated stock additions for the region.For Centrica, a British energy and services company, analyst Ajay Patel argues there is a notable cash flow and return story at the stock that remains “underappreciated by the market.”

“As compared to FY 2022 these activities move up from being 54% of the overall group profits to being 80% by FY 2028,” the note writes. Moreover, the analyst observes that inventory destocking in wholesale and retail channels is bottoming out, with early signs of demand improvement in the Consumer segment.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Goldman Sachs recommends a specific trading strategy, naming 2 global 'conviction list' stocksGoldman recommended that investors consider a specific strategy when trading European markets given the 'scope for near-term volatility in equities.'
Bron: CNBC - 🏆 12. / 72 Lees verder »