BOSTON ( TheStreet) -- Goldman Sachs ( GS) updated its Conviction Buy List, a compilation of the Wall Street bank's favorite U.S. stocks, for 2011. Investors ought to review the following 10 picks, which offer the greatest 2011 upside potential, according to Goldman. Below, the stocks are ordered by return potential, from plenty to most.
9. Crown Castle ( CCI) owns, operates and leases wireless communications towers. Recent lease modifications with carriers, including AT&T ( T), are expected to bolster 2011 revenue. Given the company's history of exceeding rental revenue guidance, Goldman is bullish on the company's growth prospects and is forecasting rental revenue 2% above the top threshold of management's guidance and 77 cents of earnings in 2011. Its $54 target was derived by combining free and discounted cash-flow analyses, implying 24% upside.