Goldman Sachs names the Japanese stocks to buy right now — and gives 2 over 50% upside

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Suntory Beverage & Food Ltd,Hitachi Ltd,Goldman Sachs BDC Inc

Goldman Sachs sees several opportunities in Japan, naming the 'stocks to own' right now.

Japan's stock market had a roller-coaster ride last week, but Goldman Sachs sees several opportunities in the country, naming the "stocks to own" right now. It comes after Japan's broad-based Topix index plunged 12.23% on Aug. 5 and the benchmark Nikkei 225 index fell 12.4% — its worst decline since 1987's "Black Monday." Both indexes have since recouped some losses, with the Topix ending the week down 2.14% and the Nikkei ending 2.46% lower. In a note on Aug.

Goldman has a target price of 3,100 Japanese Yen on the stock, giving it around 50% upside potential at the time of the note. Suntory Beverage & Food Goldman describes Suntory Beverage & Food as a "major Japanese soft drinks manufacturer with the second-largest market share in Japan," as well as operations in Europe, the U.S. and other parts of Asia Pacific.

 

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