Energy

Goldman Sachs backs these European stocks as acquisition targets

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Goldman Sachs has tipped several European technology, insurance and utility companies for acquisition in the latest reshuffle of its M&A basket for the region.

The group includes stocks that Goldman analysts believe have a greater-than-15% chance of acquisition based on their M&A framework. Those allocated an over-30% probability are ranked 1, and those over 15% ranked 2, providing they meet the necessary liquidity requirements.

Analysts at the Wall Street bank on Monday added 15 stocks as part of its semi-annual assessment of its European M&A basket, which has outperformed the pan-European Stoxx 600 index by around 10% since its inception in 2015.

It remains heavily exposed to U.K.-listed…



Source cnbc.com

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