Michael Jüngling & team BofA Merrill Lynch
second team Hans Boström Goldman Sachs
third team Julien Dormois & team Exane BNP Paribas
The six members of the BofA team captained by Michael Jüngling enjoy a sixth straight year in the pole position. With offices in London and New York, the analysts win acclaim for their “continued excellence in covering companies on both sides of the Atlantic,” according to one fund manager. As the prospect of health care reform loomed in the U.S., the team steered clients away from companies reliant on insurance reimbursement and toward those that provide products with steady demand.
Winning calls include a March buy on Swiss hearing-aid manufacturer Sonova Holding and a May buy on Zurich-based dental-implant maker Nobel Biocare. The stocks had gained 92.7 and 33.5 percent, respectively, by the end of the year. Jüngling, 38, left BofA in November and joined Morgan Stanley last month.
Clients say solo analyst Hans Boström, who claims second-place honors for a sixth consecutive year, provides a “no-nonsense, value-intensive” approach and covers “a staggering range of stocks.” The Goldman Sachs International analyst upgraded Swiss dental-implant manufacturer Straumann Holding to buy in July, at Sf187.50, as a short-term defensive play against uncertainty over U.S. health care reform.
In November, after the stock had shot up to Sf246.30 — an advance of 31.4 percent that led the sector by 11.2 percentage points — Boström told clients to take profits. He closed the call a bit early, however; the stock had climbed to Sf292.50 by December 31.
Newcomer Julien Dormois leads his Exane BNP Paribas trio to a third-place debut. The analysts issued a valuation-based buy on U.K.-based medical equipment maker Smith & Nephew in January 2009, at 469p. The stock shot up 36.4 percent, to 639.50p, through December.
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