Diego Celedón & teamJ.P. MorganFirst-place appearances: 3

Total appearances: 21

Team debut: 1994Reclaiming the No. 3 position on this lineup after a year at runner-up are Diego Celedón and his Santiago-based J.P. Morgan crew. The three analysts are upbeat on Peru’s prospects, but they are hesitant to recommend that investors increase their exposures to Colombia, owing to stretched valuations. “In Peru we continue to prefer the domestic-related stories,” says Celedón, “although recognizing that liquidity is an issue for most of them.” Among his team’s top picks are Credicorp, the nation’s largest financial holding company. The researchers predict that as credit risk continues to stabilize, loan growth for the Lima-headquartered diversified financial services provider should accelerate. Celedón this year also leads groups that win third place and a runner-up position, respectively, for their reporting on Chile and Argentina.