BOSTON ( TheStreet) -- Goldman Sachs (GS - Get Report) has added 19 stocks to its Conviction Buy List in 2011 and removed others. For investors willing to go against the grain and buy stocks in a down market, the global investment bank's picks may offer substantial upside. Of those 19 new Conviction Buys, the following eight offer the most potential, based on current price targets. Each is expected to rise at least 20% and as much as 36% in the next 12 months.8. Buckeye Partners (BPL - Get Report) is an oil-and-gas storage and transportation company. It is structured as a master limited partnership, a unique corporate structure that's required to pay the majority of its cash flow to shareholders in exchange for preferential tax treatment. Buckeye owns a pipeline for refined petroleum products spanning 5,400 miles in the eastern and mid-western U.S. Its stock has fallen 5.4% in 2011. It pays a quarterly distribution, taxed differently than a qualified dividend, of 99 cents, converting to an annualized yield of 6.3%.
Goldman's 8 New 'Conviction' Stock Buys
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