Europe’s 2014 Analyst Top Stock Picks

Following are a selection of 2014 picks from country and industry research reports:


• European equities significantly underpriced, have potential to double on 5-yr view
• European Recommended Portfoilio: Kingfisher, TUI Travel, Volkswagen (pref), Whitbread, Ahold, Henkel, Eni, Galp Energia, Shell, Saipem, Subsea 7, Aegon, BBVA, BNP Paribas, British Land, KBC, LSE, Mapfre, Old Mutual, RBS, Segro, Swiss Re, UBS, 3i, Essilor, Sanofi, Adecco, Philips, Sandvik, Siemens, Wolseley, AtoS, Infineon, Arkema, BASF, BHP, DSM, BT, KPN, Telenor, Gas Natural, Red Electrica, Enel Green Power


• Valuations attractive; doesn’t expect a bear market, 2014 may be a lacklustre year
• Stock Ideas: Barclays, UniCredit, Rio Tinto, Munich Re, Vodafone, Orange, Lufthansa, Enel, Volkswagen (pref), Daimler, Lafarge, Rio Tinto, Syngenta, Admiral


• Overweight continental Europe, benchmark UK, underweight France
• UK Stocks: Barratt, Bellway, Taylor Wimpey, SSE, Premier Foods, Whitbread, Capita, William Hill, ITV, Tesco, Bodycote, Serco, Betfair, Kingfisher, Synthomer, Tui Travel, Serco, IAG, RBS, Evraz, Kazakhmys, Phoenix, Admiral, Arm, Capita, Legal & General, Lloyds, Sainsbury, WPP
• German stocks: Deutsche Bank, Deutsche Telekom, Fresenius, SAP, Siemens, Commerzbank, Prosiebensat 1, RWE, Bilfinger, Allianz, Deutsche Post, Deutsche Lufthansa
• France stocks: Veolia Environnement, Pernod-Ricard, Hermes, Carrefour, Accor, Euler Hermes, Sodexo, Legrand, Danone, Air Liquide, Bureau Veritas


• Premature to look for the end to equities run, remain overweight Eurozone vs UK
• Top Picks: EADS, Daimler, UBS, Vinci, Serco, Wartsila, Akzo Nobel, AB Inbev, Nestle, Carrefour, L’Oreal, Whitbread, Pandora, BAT, Schroders, Generali, Publicis, GN Store, Glencore Xstrata, Lundin Petroleum, Total, Petrofac, Bayer, Land Securities, ArcelorMittal, Ericsson, Hexagon, United Internet, Deutsche Post, IAG, Snam
• Stocks to avoid: Finmeccanica, Michelin, RBS, Holcim, Rentokil, Sandvik, BASF, Heineken, Unilever, Tesco, Henkel, William Hill, Swedish Match, LSE, Baloise, Wolters Kluwer, Nobel Biocare, Hydro, DNO International, OMV, Novo Nordisk, Corio, Acerinox, ARM Holdings, Software AG, Orange, Austrian Post, Air France-KLM, Veolia


• Stays structurally bullish, expects 12% EPS growth in 2014; SX5E to hit 3,400
• Lists buyback and/or dividend surprise stock screen: Volkswagen, GKN, Valeo, UPM, Bayer, Lafarge, Novartis, Sanofi, AstraZeneca, Pearson, WPP, Publicis, LVMH, Henkel, Land Securities, Hammerson, Ahold, Casino, Delhaize, Telenor


• Stoxx 600 end-14 target raised to 375 vs 345
• Strategy Picks: Saint Gobain, Akzo Nobel, Faurecia, Siemens, AXA, KBC, JCDecaux, Intesa SanPaolo, Abertis, ArcelorMittal


• Investors Should Buy QE3 Removal Dip in 2014
• Large caps: Large caps include: Actelion, Adidas, ASML, Atlantia, Atlas Copco, Danske, Enel Green Power, Ericsson, Generali, KBC, Lafarge, Metro, Michelin, Red Electrica, Richemont, Sanofi, Siemens, Swiss Re, Telefonica, Vivendi, Volkswagen
• Small and mid caps: Astaldi, Boskalis, Chr Hansen, Clariant, Dialog, Eurotunnel, Finmeccanica, Gameloft, Immofinanz, Oerlikon, Salzgitter, Subsea 7, Tecnicas Reunidas, Teleperformance, TF1, Tui, USG People
• Swiss pick list: Actelion, Clariant, Oerlikon, Richemont, Swiss Re
• Benelux Picks: ASML, Boskalis, KBC, USG


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