JPM_Equity_Strategy_watermark
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Mislav Matejka, CFA |
Global Equity Strategy |
(44-20) 7134-9741 |
12 November 2018 |
mislav.matejka@jpmorgan.com |
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Top Picks
Table 20: J.P. Morgan European Strategy: Top European picks
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JPM |
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IBES consensus estimates |
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Performance |
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'18e |
'18e |
'18e Div |
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Name |
Price |
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Ticker |
Rating |
Analyst Name |
Sector |
EPS Gr |
P/E |
Yield |
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YTD |
-3m |
-12m |
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Puma |
455 |
E |
PUM GR |
OW |
Chiara Battistini |
Discretionary |
42% |
35.2 |
1% |
25% |
10% |
17% |
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Compass Group |
1,515 |
£ |
CPG LN |
OW |
Estelle Weingrod |
Discretionary |
6% |
19.7 |
2% |
-5% |
-9% |
-8% |
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Valeo |
27 |
E |
FR FP |
OW |
Jose Asumendi |
Discretionary |
-16% |
8.6 |
4% |
-57% |
-36% |
-55% |
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LVMH |
271 |
E |
MC FP |
OW |
Melanie Flouquet |
Discretionary |
25% |
21.2 |
2% |
10% |
-9% |
6% |
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Shell |
28 |
E |
RDSA LN |
OW |
Christyan Malek |
Energy |
35% |
11.7 |
6% |
0% |
-4% |
0% |
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TechnipFMC |
26 |
E |
FTI FP |
OW |
Sean Meakim |
Energy |
-2% |
20.6 |
2% |
-17% |
-15% |
-11% |
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Partners Group |
711 |
SF |
PGHN SW |
OW |
Gurjit Kambo |
Financials |
3% |
24.6 |
3% |
6% |
-5% |
6% |
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UBS |
15 |
SF |
UBSG SW |
OW |
Kian Abouhossein |
Financials |
0% |
10.6 |
5% |
-19% |
-9% |
-14% |
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Allianz |
187 |
E |
ALV GR |
OW |
Michael Huttner |
Financials |
16% |
10.5 |
5% |
-3% |
-1% |
-8% |
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Gn Store Nord |
281 |
DK |
GN DC |
OW |
David Adlington |
Health Care |
23% |
28.5 |
1% |
40% |
-9% |
34% |
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Roche |
249 |
SF |
ROG SW |
OW |
Richard Vosser |
Health Care |
15% |
14.1 |
4% |
1% |
3% |
8% |
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Relx |
1,531 |
£ |
REL LN |
OW |
Daniel Kerven |
Industrials |
4% |
18.2 |
3% |
-12% |
-10% |
-11% |
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Airbus |
96 |
E |
AIR FP |
OW |
David Perry |
Industrials |
19% |
21.9 |
2% |
15% |
-11% |
12% |
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Vinci |
79 |
E |
DG FP |
OW |
Elodie Rall |
Industrials |
10% |
14.6 |
3% |
-8% |
-7% |
-8% |
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Babcock |
606 |
£ |
BAB LN |
OW |
Sam Bland |
Industrials |
4% |
7.3 |
5% |
-14% |
-17% |
-26% |
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Rentokil |
315 |
£ |
RTO LN |
OW |
Sylvia Barker |
Industrials |
6% |
24.6 |
1% |
-1% |
-6% |
-3% |
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Prysmian |
18 |
E |
PRY IM |
OW |
Akash Gupta |
Industrials |
-9% |
12.1 |
2% |
-31% |
-18% |
-34% |
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Nokia |
5 |
E |
NOKIA FH |
OW |
Sandeep Deshpande |
IT |
-32% |
23.2 |
4% |
33% |
11% |
19% |
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Capgemini |
110 |
E |
CAP FP |
OW |
Stacy Pollard |
IT |
-5% |
18.6 |
2% |
11% |
0% |
6% |
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Umicore |
43 |
E |
UMI BB |
OW |
Chetan Udeshi |
Materials |
19% |
29.8 |
2% |
9% |
-13% |
11% |
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Anglo American |
1,751 |
£ |
AAL LN |
OW |
Dominic O'Kane |
Materials |
-5% |
9.6 |
4% |
13% |
1% |
17% |
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Arcelormittal |
23 |
E |
MT NA |
OW |
Luke Nelson |
Materials |
28% |
4.9 |
1% |
-16% |
-17% |
-9% |
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Unibail |
160 |
E |
URW NA |
OW |
Neil Green |
Real Estate |
6% |
12.5 |
7% |
-24% |
-16% |
-28% |
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Nestle |
85 |
SF |
NESN SW |
OW |
Celine Pannuti |
Staples |
8% |
22.1 |
3% |
1% |
4% |
1% |
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Essity |
207 |
SK |
ESSITYB SS |
OW |
Celine Pannuti |
Staples |
-4% |
17.4 |
3% |
-11% |
-10% |
-16% |
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Reckitt Benckiser |
6,264 |
£ |
RB/ LN |
OW |
Celine Pannuti |
Staples |
3% |
19.1 |
3% |
-9% |
-9% |
-4% |
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Tesco |
219 |
£ |
TSCO LN |
OW |
Borja Olcese |
Staples |
66% |
20.9 |
1% |
4% |
-17% |
24% |
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Vodafone |
147 |
£ |
VOD LN |
OW |
Akhil Dattani |
Telecoms |
50% |
14.1 |
9% |
-37% |
-21% |
-32% |
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EDF |
16 |
E |
EDF FP |
OW |
Vincent Ayral |
Utilities |
-30% |
26.3 |
2% |
50% |
17% |
27% |
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Source: Datastream, MSCI, BES, J.P. Morgan, Prices and Valuations as of COB 8th Nov, 2018
Please see the most recent company-specific research published by J P. Morgan for an analysis of valuation methodology and risks on companies recommended in this report. Research is available at http://www.jpmorganmarkets.com, or you can contact the covering analyst or your J P. Morgan representative.
13
vk.com/id446425943
vk.com/id446425943
vk.com/id446425943
vk.com/id446425943
vk.com/id446425943
vk.com/id446425943
vk.com/id446425943