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Goldman's New Pair Trade Opportunity


In a report published Friday, Goldman Sachs analyst Warwick Simons announced six changes to its GS SUSTAIN Focus List of companies capable of generating high returns. The changes reflect the latest market developments and market analysis, Simons said.

Goldman Sachs removed Oceaneering International (NYSE: OII) from the list, while mentioning that the "prospects for deep-water oil E&P are subdued in the New Oil Order."

In view of the diminished prospects for engineering and construction work for extractive industries, Fluor Corporation (NYSE: FLR) was removed from the list.

Other major changes to the Focus List are:

  • The list now includes ASSA ABLOY AB (OTCMKTS: ASAZY) on account of it benefiting from structural tailwinds and its market leadership in mechanical and electronic door locks.
  • Another addition to the list was of Public Storage (NYSE: PSA), a leader in the US self-storage segment that benefits from constrained supply growth.
  • In the MedTech section, the new additions included COLOPLAST AS B DKK 1 (OTCMKTS: CLPBE) and Edwards Lifesciences Corp (NYSE: EW) because of their product and market share leadership positions in their respective fields.

In the report Goldman Sachs also integrated three new competitive positioning frameworks into the GS SUSTAIN. These are Lodging wherein InterContinental Hotels Group PLC (ADR) (NYSE: IHG) remains the best positioned company, Engineering & Construction and Real Estate.

Latest Ratings for OII

Aug 2020Piper SandlerMaintainsNeutral
May 2020CFRAMaintainsHold
Apr 2020CitigroupUpgradesNeutralBuy

View More Analyst Ratings for OII
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