Goldman Sachs names 3 'conviction list' stocks that could profit from efforts to go green
Investing in sustainability is often a matter of ethics — but it need not come at the expense of profit. In fact, some companies doing more of that are showing "attractive corporate returns," according to Goldman Sachs. And the investment bank said it believes they will attract more investors. Stocks identified as "Green Capex Improvers" and "Green Revenue Improvers" beat their sectors by nearly 21% and 15% respectively, Goldman said in a Dec. 7 report.
"We see Mercedes-Benz's initiatives in EVs as potential catalysts that could warrant greater recognition in ESG funds," the bank wrote. The majority of analysts elsewhere covering the stock gave it a buy rating, with an average upside to price target of about 28%, according to FactSet.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Goldman Sachs names Boeing its top aerospace stock, says orders should increase as air travel reboundsThe need for new, fuel-efficient aircraft to meet resurgent demand should benefit Boeing, Goldman says.
Consulte Mais informação »
Goldman Sachs Predicts Gold Will Outperform BitcoinMajor U.S. banking institution has called Bitcoin's value proposition into question
Consulte Mais informação »
Goldman Sachs Sees Gold Outperforming Bitcoin in the Longer Term.GoldmanSachs says tight financial conditions are likely to be a drag on bitcoin user adoption, and this makes a repeat of the cryptocurrency's strong returns of the last decade less likely. By willcanny99.
Consulte Mais informação »
Goldman Sachs upgrades Pfizer, says pharma giant can outperform even as Covid demand diminishesAdvancements in base business are helping quell fears of what will happen in a Covid trough.
Consulte Mais informação »
Gold is better portfolio diversifier than bitcoin – Goldman SachsGoldman Sachs expects gold, with its real demand drivers, to outperform the highly volatile bitcoin in the long term, the bank wrote in a Monday research note. gold bitcoin
Consulte Mais informação »
What Goldman Sachs' CEO misunderstands about private blockchainsThe future of blockchain isn't going to look the same way that Wall Street looks today, despite what bank executives might hope.
Consulte Mais informação »