Two investment banks are bullish about one stock in particular, both naming it a 'top pick.'
As investors prepare their portfolios for 2025, two Wall Street banks have identified European stocks they believe offer significant growth potential despite market uncertainties. Moran Stanley downgraded European equities to neutral earlier this year, and now say it's a "stock picker's market" as equities on the continent have begun to diverge from each other in terms of performance.
Glanbia Morgan Stanley said Glanbia shares are significantly undervalued, trading at 11 times expected 2025 earnings, calling it the "cheapest" stock in the consumer staples sector. The bank highlighted Glanbia's position as a market leader in protein nutrition and projects 10% earnings growth annually. Shares are expected to rise 42% over the next year, according to Morgan Stanley's estimates.
Glanbia PLC Glanbia PLC Saipem Spa Barratt Developments P L C Ipsos SA Trigano SA Duerr AG Morgan Stanley Business News
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