(adds analyst comment, updates share price)
LONDON, June 25 (Reuters) - Goldman Sachs on Tuesday added BMW AG to its "recommended list" of top stock picks, saying concerns about the impact of a stronger euro on BMW were overdone.
By 1037 GMT, shares in BMW had surged six percent to 40.25 euros.
Goldman raised its rating on the German luxury carmaker to "recommended list" from "market outperform" and set a 50 euros share price target.
"Cautious hedging mean BMW's earnings have not been dependent on currency historically, and look well protected for two years," said Goldman analyst Keith Hayes.