Credit Suisse: 8 Top European Consumer Stocks

Credit Suisse just released its top European Consumer stocks across eight different subsectors. Here’s a breakdown of analyst choices.

Autos & Components: Fiat Chrysler Automobiles NV (NYSE: FCAU)

Analyst Alexander Haissl believes that the market is undervaluing the Ferrari segment and predicts that improvement in the European and/or Latin American economy could provide even more upside.

General Retailing: ZALANDO SE (OTC: ZLDSF)

Analyst Simon Irwin pointed to Zalando’s 30 percent sales growth in 2015 and sees the company as one of Europe’s fastest-growing online retailers.

Media: ITV PLC (OTC: ITVPF)

Analyst Nick Bertolotti sees “upside potential to ad revenue growth forecasts as the UK economy strengthens further.”

Media: MEDIASET ESPANA COMM (OTC: GETVY)

Bertolotti sees Spain as “the most cyclically and structurally attractive market in Europe” and believes that Mediaset Espana is on track to double revenues over the next five years.

Travel & Leisure: Carnival Corp (NYSE: CCL)

Analyst Tim Ramskill named Carnival one of his top picks in the sector and estimates the company "could return the highest level of growth over the next three years, at a below average valuation.”

Travel & Leisure: Intercontinental Hotels Group PLC (ADR) (NYSE: IHG)

Ramskill projects 16 percent compound annual growth rate (CAGR) from 2014 to 2017 and expects a $1.5 billion 2016 special dividend.

Consumer Staples: BRITISH AMERICAN TOB (OTC: BTAFF)

Analyst Charlie Mills sees tobacco stocks as “cheap relative to consumer staples, and none more so than British American Tobacco.”

Consumer Staples: PERNOD RICARD SA ADR (OTC: PDRDY)

Mills sees a weakening outlook for Pernod-Ricard’s China business, but believes “this is more than captured in the valuation discount.”

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

Image Credit: Public Domain