Goldman Sachs expects the stock market to rally every year for years to come.
But not every stock in the market should be expected to do well.
In their new quarterly chartbook for clients, Goldman Sachs’ David Kostin and his team identify the stocks offering the most downside relative to Goldman analysts’ price targets.
We picked out the 16 stocks with more than 10% downside to their targets.
Names include a number of well known brands such as Intel, Under Armour and Cablevision. No one industry dominates the list.
Check them out below.
Industry: Utilities, Electric Utilities
Recent Price: $US31.31
Downside to Target: 10.6%
Industry: Industrials, Pump & Pumping Equipment
Recent Price: $US41.14
Downside to Target: 12.5%
Industry: Technology, IT Services & Consulting
Recent Price: $US45.43
Downside to Target: 14.2%
Industry: Technology, Communications & Networking
Recent Price: $US68.38
Downside to Target: 15.2%
Industry: Cyclical Consumer Goods & Services, Cable Service Providers
Recent Price: $US32.47
Downside to Target: 19.9%
Industry: Technology, Semiconductors
Recent Price: $US24.65
Downside to Target: 27.0%
Industry: Basic Materials, Specialty Chemicals
Recent Price: $US138.92
Downside to Target: 28.0%
Industry: Energy, Oil & Gas Drilling
Recent Price: $US12.92
Downside to Target: 61.3%