Peter Reilly & team, Deutsche Bank
Landing in third place for a second consecutive year is the Deutsche Bank threesome led by London-based Peter Reilly. In January 2011 the researchers published “Capital Goods for Beginners,” a guide to the past decade’s developments that analyzed what drives profits and stock performance. “It was thorough and a good refresher even for those of us who aren’t new to the sector,” affirms one grateful reader. The team’s stock picking garners mixed reviews, however. The analysts upgraded France’s Alstom from hold to buy in November 2010, at €31.36, largely on the strength of its China-made steam-powered generators. Shares of the turbine and boiler supplier blew as high as €44.39 in April before tumbling to €23.43 by the end of last year, for a life-of-call loss of 25.3 percent. “We should have cut Alstom from buy to hold when it hit our target price,” Reilly acknowledges.
Landing in third place for a second consecutive year is the Deutsche Bank threesome led by London-based Peter Reilly. In January 2011 the researchers published “Capital Goods for Beginners,” a guide to the past decade’s developments that analyzed what drives profits and stock performance. “It was thorough and a good refresher even for those of us who aren’t new to the sector,” affirms one grateful reader. The team’s stock picking garners mixed reviews, however. The analysts upgraded France’s Alstom from hold to buy in November 2010, at €31.36, largely on the strength of its China-made steam-powered generators. Shares of the turbine and boiler supplier blew as high as €44.39 in April before tumbling to €23.43 by the end of last year, for a life-of-call loss of 25.3 percent. “We should have cut Alstom from buy to hold when it hit our target price,” Reilly acknowledges.