Analysts at Goldman Sachs have picked a handful of global stocks said to be trading at a discount and said two of them could rise more than 100% in the next 12 months. “For investors looking for attractive value, we feature shares trading below historical levels and the broader market, our analysts said in a July 10 research note led by John Sawtell. Analysts see upside to consensus earnings.” Analysts picked telecommunications company BT Group, which they see a potential upside of 130% next year. Goldman Sachs analyst Andrew Lee “doesn’t think investors have yet bought into his thesis that deregulation will support better returns for best-positioned operators such as BT in fiber,” the bank said. Other stocks on Goldman’s list include Natwest, which says its shares could rise 111%, and Deutsche Bank, which sees a 99% gain in 12 months from its price target. Goldman Sachs also gave Lloyds Bank a potential upside of 78%, and said South African technology group Naspers could rise 71% in 12 months. “Upside Risk” These stocks all appear on Goldman’s “Value Buys with Earnings Upside Potential” list. “We screen for Buy-rated stocks with attractive valuations relative to their own histories … and the broader market (SXXP) that our analysts see in 2023 There are upside risks to the /24E EPS (earnings per share) consensus,” he said. Intesa Sanpaolo also made the list, with Goldman Sachs analyst Chris Hallam bullish on shares of its new digital bank Isybank, making it “one of the most forward-looking fintech strategies in European finance.” “. The bank gives Intesta Sanpaolo a potential upside of 58% to its 12-month price target. Automaker Porsche is another pick due to its “attractive stock story given its unique luxury pure positioning, coveted product offering and clear focus on the (battery electric vehicle) transition”, the bank said, And said the company could rise 33%. next 12 months. — CNBC’s Michael Bloom contributed to this report.