The 2015 All-Europe Research Team: Building & Construction, No. 3: Gregor Kuglitsch & team

The London-based UBS team of three under the direction Gregor Kuglitsch rebounds from runner-up to reclaim the No. 3 slot it captured in 2013.

2015-03-tom-johnson-all-europe-research-team-gregor-kuglitsch.jpg

< The 2015 All-Europe Research Team

2015-03-tom-johnson-all-europe-research-team-gregor-kuglitsch.jpg

Gregor Kuglitsch & team
UBS
First-place appearances: 18

Total appearances: 67

Team debut: 1986

The London-based UBS team of three under the direction Gregor Kuglitsch rebounds from runner-up to reclaim the No. 3 slot it captured in 2013. Actively tracking 25 European building and construction companies, the analysts are “particularly good on U.K. homebuilders,” one portfolio manager says. One name in that space the analysts are touting is Taylor Wimpey, which they elevated to a top pick in June. Fears of loan tightening had caused the residential developer’s shares to dip to 109.68p, but Kuglitsch, 29, and his cohorts deemed those concerns overblown. Sure enough, by the end of January, the stock had rallied to 135.40p, for a gain of 23.5 percent that bested the regional sector by 24.9 percentage points. They continue to favor Taylor Wimpey, assigning it a price objective of 155p. A November upgrade of Switzerland’s Wolseley also wins praise. UBS’s researchers boosted their rating on the manufacturer of plumbing and heating products from neutral to buy, at 3,460p, crediting rising demand in the U.S. The shares had climbed to 3,862p by the end of last month, and they remain recommended, with a price target of 3,980p.

Sponsored

Related