Deutsche Bank names 22 European stocks for the next 12 months
Deutsche Bank on Thursday named its top European stock picks for the next 12 months, adding six names and removing six from its previous quarterly list. The new additions are ING, SPIE, ICG, UCB, Groupe ADP and RWE. All stocks on the new list carry a “buy” rating.
The updated list contains 22 stocks. Continuing selections include Safran, Volkswagen, Heidelberg Materials, Siemens Energy, SYENSQO, Coca-Cola Hellenic, Novonesis, British American Tobacco, Adidas, Entain, Scout24, Lonza, Thyssenkrupp, Merlin Properties, Technoprobe and SAP. Deutsche Bank also retained Orange on the list.
Among the highlighted changes, Deutsche Bank set a €130 target for Groupe ADP, citing greater business visibility from a proposed French regulatory agreement. The bank also sees scope for Siemens Energy to increase its share buyback program from €6 billion to as much as €12 billion. Its targets include €210 for Siemens Energy and €398 for Safran.
Why it matters
Deutsche Bank's updated list highlights where its analysts see potential over the next year. Investors will also watch the listed catalysts, including buybacks and regulatory decisions.
