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GOLDMAN: These Are The 40 Most Undervalued Stocks In The Market

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The S&P 500 booked a nice 13 percent return in 2012.

For 2013, Goldman Sachs' equity strategy team expects the index to hit 1,575 by year-end.

However, they expect some stocks to do better than others.

The firm's recently released "US Monthly Chartbook" includes a list of stocks with the most upside opportunity relative to Goldman analysts' price targets.

Many of these companies highlighted are either in energy production or energy equipment.

The stocks listed offer 24 to 44 percent upside relative to their current prices. We've arranged the stocks from least to most upside.

ONEOK Inc.

Ticker: OKE

Rating: Neutral

Current Price: $42.75

Upside to Target: 24.0%

This oil & gas company is primarily involved with the transmission and distribution of natural gas to over 2 million customers. ONEOK also owns one of the nation's premier natural gas liquids systems.

Source: Goldman Sachs



Stryker Corp.

Ticker: SYK

Rating: Buy

Current Price: $54.82

Upside to Target: 24.0%

This medical device and equipment manufacturer specializes in orthopedic medical technology.

Source: Goldman Sachs



Priceline.com

Ticker: PCLN

Rating: Buy

Current Price: $620.39

Upside to Target: 24.1%

Priceline offers exclusive deals on hotels, flights, rental cars, vacations, and cruises.

Source: Goldman Sachs



See the rest of the story at Business Insider

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