Goldman Sachs is bullish on one of Italy’s cable manufacturing giants: Prysmian . The company is set to benefit from strong secular demand trends and superior earnings visibility, the investment bank said in a Jan. 2 research note. Prysmian makes underground and submarine cables and systems for power transmission and distribution. Prysmian is among the latest additions to Goldman’s “Conviction List – Directors’ Cut,” which it says offers a “curated and active” list of 15-25 buy-rated stocks in Europe. The stocks are selected by a subcommittee in each region which collaborates “with each sector analyst to identify top ideas that offer a combination of conviction, a differentiated view and high risk-adjusted returns,” Goldman says. PRY-IT 1Y mountain 12-month movement in shares in Prysmian Costa noted that Prysmian has a backlog of around 18 billion euros ($18.9 billion) in high-voltage data centers filling in capacity fully till 2028. That gives it the “highest visibility” among its peers, she said. Another plus of the company is that it has the “most diversified end market exposure” with 88% of its operations being outside high-voltage, Costa wrote. It also has higher U.S. reshoring exposure, with 34% exposure to U.S. construction, industrial and fiber sectors, she added. Those factors are the reason Costa said she’s “more confident” on Prysmian’s near- and medium-term outlook. Prysmian is listed on Italy’s Milan Stock Exchange and trades as an American Depositary Receipt in the U.S. under the ticker PRYMY . Its shares have gained around 57% over the last 12 months. Goldman has 12-month target price of 73 euros on the stock, giving it about 14% upside potential. Aside from Prysmian, Goldman’s conviction list features British telecommunications company BT Group and Finnish engineering services company Neste . Goldman has a 12-month target price of 290 British pence ($3.65) on BT Group and 26 euros on Neste, giving them upside potential of around 97% and 100%, respectively. — CNBC’s Michael Bloom contributed to this report.