Credit Suisse: 12 U.S.-Listed European Stocks To Buy Now

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Credit Suisse just released its new list of top European stocks across all market industries. For U.S. traders that don’t trade in the European markets, here are the 12 European stocks on Credit Suisse’s Top Outperforms list that also trade on major U.S. exchanges.

1. Autos & Components: Fiat Chrysler Automobiles NV FCAU
Analyst Alexander Haissl believes that the market is undervaluing the Ferrari segment, and predicts that improvement in the European or Latin American economy could provide even more upside.

2. Travel & Leisure: Carnival Corp CCL
Analyst Tim Ramskill names Carnival one of his top picks in the sector, adding, “we estimate it could return the highest level of growth over the next three years, at a below average valuation.”

3. Travel & Leisure: Intercontinental Hotels Group PLC (ADR) IHG
Ramskill projects 16 percent compound annual growth rate (CAGR) from 2014 to 2017 and is also expecting a $1.5 billion 2016 special dividend.

4. Insurance: Prudential Financial Inc PRU
Analyst Richard Burden likes the stock’s valuation and believes “long-term durability of Asian growth remains the key source of appeal.”

5. Integrated Oil & Gas: Royal Dutch Shell plc (ADR) RDS
Analyst Thomas Adolff likes the recently-announced transaction for BG Group and believes the move “makes strategic sense and re-positions RDS down the cost curve.”

6. Integrated Oil & Gas: Total SA (ADR) TOT
Adolff sees the company “committed to capital discipline on a sustainable basis with a focus on shareholder returns.”

7. Pharmaceuticals: Novartis AG (ADR) NVS
Analyst Jo Walton admits that Novartis is currently in a transitional period, but believes that “the Group earnings leveragefrom the roll-out of Entresto (LCZ for heart failure) and Cosentyx (psoriasis) is significantly greater than consensus assumes.”

8. Capital Goods: Koninklijke Philips NV (ADR) PHG
Analyst Andre Kukhnin sees earnings stabilization and believes that the early-2016 separation of the Lighting division “can create value.”

9. Hardware & Semis: ARM Holdings plc (ADR) ARMH
Analyst Achal Sultania believes the company is “well positioned to benefit from increasing content” in mobile devices and could record a top- and bottom-line at CAGR of up to 19 percent from 2014-2017.

10. Telecommunication Services: BT Group plc BT
Analyst Justin Funnell sees “upside potential from the potential EE deal, RPL growth and cost cutting” and believes that an Openreach spin-out is unlikely.

11. Telecommunication Services:Liberty Global plc – Class A Ordinary Shares LBTYA
Funnell notes that Liberty “is reporting strong TV results in the UK, the Netherlands and Ireland despite string Netflix adoption.”

12: Swiss SMID: Logitech International SA (USA) LOGI
Despite slumping iPad and PC sales, analyst Patrick Laager thinks “the company delivered another solid set of Q1 FY16 results and is well on track to reach its FY16 guidance.”

Disclosure: the author holds no position in the stocks mentioned.

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Posted In: Analyst ColorEurozoneMarketsAnalyst RatingsComputer Storage & PeripheralsInformation Technology
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