GOLDMAN Sachs yesterday laid out its closely watched forecasts for 2015, with FTSE giants Crest Nicholson, BT and Arm among stocks it believes would soar in the next 12 months.
The influential bank, which publishes stock research for large City clients giving investment ideas, published its conviction buys yesterday, written by a team of analysts led by Peter Oppenheimer, its chief global equity strategist.
Among the stocks included are BT, which Goldman thinks should trade at a value of £6, rather than the £3.75 it currently trades at.
Other stocks predicted to do well include Crest Nicholson, which Goldman’s analyst team think should rise 75 per cent in value next year and easyJet, which it believes should be trading 42 per cent higher than its current price.
Overall, it thinks the Stoxx 600 – the index of Europe’s biggest stocks – will deliver a real total return of 11 per cent in local currencies.