Global markets may be feeling the pinch from volatility and macroeconomic uncertainties, but Barclays believes several large-cap stocks in Europe make good plays right now. In an Aug. 9 research note titled "large, liquid and liked," the investment bank's analysts wrote that "not all recession indicators are flashing red.
Barclays has a target price of 1,510 Danish Krone on the stock, giving it around 20% potential upside. NatWest Group Barclays describes British bank NatWest as one of its "preferred names" among European banks. This, is thanks to its "sector-leading EPS momentum and ongoing earnings upside potential driven by a best-in-class structural hedge tailwind," analysts Aman Rakkar and Grace Dargan said.
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