Market Overview

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

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

Credit Suisse just released its new list of top European stocks across all market industries. For U.S. traders who 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 And Components: Fiat Chrysler Automobiles NV (NYSE: FCAU)

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

2. Travel And Leisure: Carnival Corp (NYSE: CCL)

Analyst Tim Ramskill named 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.”

Related Link: Credit Suisse's Top 10 Consumer Discretionary Stocks

3. Travel And Leisure: Intercontinental Hotels Group PLC (ADR) (NYSE: 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 (NYSE: 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 And Gas: Royal Dutch Shell plc (ADR) (NYSE: RDS.A)

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 And Gas: Total SA (ADR) (NYSE: TOT)

Adolff sees the company “committed to capital discipline on a sustainable basis with a focus on shareholder returns.”

7. Pharmaceuticals: Novartis AG (ADR) (NYSE: NVS)

Analyst Jo Walton admitted that Novartis is currently in a transitional period, but believes that “the Group earnings leverage from 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) (NYSE: PHG)

Analyst Andre Kukhnin sees earnings stabilization and believes that the early-2016 separation of the lighting division “can create value.”

9. Hardware And Semis: ARM Holdings plc (ADR) (NASDAQ: 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 (ADR) (NYSE: BT)

Analyst Justin Funnell sees “upside potential from the potential EE deal, RPL growth and cost cutting” and believes that an Openreach spinout is unlikely.

11. Telecommunication Services: Liberty Global plc – Class A Ordinary Shares (NASDAQ: LBTYA)

Funnell noted 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) (NASDAQ: 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.

Image Credit: Public Domain

Latest Ratings for FCAU

Feb 2019DowngradesOverweightEqual-Weight
Oct 2018DowngradesBuyHold
Sep 2018UpgradesNeutralOutperform

View More Analyst Ratings for FCAU
View the Latest Analyst Ratings

Posted-In: Achal Sultania Alexander HaisslAnalyst Color Eurozone Top Stories Markets Analyst Ratings Trading Ideas Best of Benzinga


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