Goldman Sachs has added 3M (NYSE:MMM) and Martin Marietta (NYSE:MLM) to its conviction buy list, citing a potential recovery in the U.S. construction sector.
Goldman cut Lockheed Martin (NYSE:LMT) and put it on its conviction sell list for its high platform exposure and delays on a strike fighter program. Goldman also cut Louisiana-Pacific (LPX) to conviction sell on valuation. Both Lockheed and Louisiana-Pacific had been rated “neutral.”
Among Goldman’s other favorite stocks are Albemarle (NYSE:ALB), Chicago Bridge & Iron (NYSE:CBI), Cummins Engine (NYSE:CMI), Dow Chemical (NYSE:DOW), Potash (NYSE:POT), Schweitzer-Maudit International (NYSE:SWM), Spirit Aerosysterms (NYSE:SPR), Textron (NYSE:TXT) and U.S. Steel (NYSE:X).
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